Deals
Textron Value in Breakup Seen Tempting Activist Investor
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Activist hedge-fund managers in search of their next prey may look to Textron Inc.
The $7.9 billion maker of Cessna planes and Bell helicopters has a valuation that lags behind 83 percent of industrial stocks in the Standard & Poor’s 500 Index, according to data compiled by Bloomberg. Credit Suisse Group AG said Providence, Rhode Island-based Textron may become susceptible to pressure from activists wanting to break up the conglomerate.