Textron (TXT) May Spin-Off Some Parts After Activist Investors Interest
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Textron (NYSE: TXT) is initiated to open higher Wednesday following reports overnight from Reuters that the company is conducting a strategic review that could involve spinning off some of its parts.
Activist investor Ralph Whitworth's Relational Investors has been targeting the company as one that could use a change in strategy, although it is unclear if he has acquired a stake at this time.
It is also not know if Whitworth's poking around has prompted this review by Textron.
Activist investor Ralph Whitworth's Relational Investors has been targeting the company as one that could use a change in strategy, although it is unclear if he has acquired a stake at this time.
It is also not know if Whitworth's poking around has prompted this review by Textron.
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