Reports Emirati Consortium Offering $21/Share for Textron (TXT)
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According to reports from AFP, a consortium of United Arab Emirates companies and a Kuwaiti firm is close to a deal to buy Textron Inc. (NYSE: TXT), citing a Kuwaiti newspaper.
Al-Watan newspaper, quoting unidentified sources, said the consortium is offering $21 a share -- double Textron's current market price.
Earlier in the week, rumors surfaced Lockheed Martin was looking to buy Textron, but those rumors were shot down.
Link to Original AFP Story
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