With apologies to the Beatles: Yesterday, Arconic’s stock price began to fade away An expected buyout had been pushed away Elliott needs to find another way It was this close to a deal, but Arconic(ARNC) announced yesterday that it was no longer pursuing a sale of the company. Last week, the Wall Street Journal had reported that a… Read More »
The aviation industry is gathered in France for the Paris Air Show. The focus is usually on the orders for industry giants Airbus and Boeing (BA), but this year also featured an interesting announcement from United Technologies (UTX). During its Investor Day presentation, the company confirmed that it would exit the helicopter business, with either a spinoff or… Read More »
Shareholders heading to Winston-Salem yesterday for B/E Aerospace’s (BEAV) annual meeting were likely very disappointed (or worse) to hear that the meeting had been cancelled the day before. The company opted to postpone its annual gathering after issuing a press release stating that the company was engaged in a ‘Process to Explore Strategic Alternatives’. Hopefully the fact that… Read More »