Textron Closes $1.4B Beech Buy, Expands Aviation Segment

Law360, New York (March 17, 2014, 2:32 PM EDT) -- Textron Inc. said on Monday that it has completed its $1.4 billion acquisition of Beech Holdings LLC and is combining its own aviation business with Beech's to form a new giant in the aviation industry.

The new segment will be called Textron Aviation, and will bring together Textron's Cessna business with Beech's Beechcraft and Hawker brands to create a single entity. The three brands combined to generate about $4.6 billion last year. Scott Donnelly, chairman and CEO of Textron, said in a statement on Monday that...
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