Cessna’s parent company Textron Inc. could be a prime target for activist investors scouring the aerospace and defense industry for breakup targets, according to a Reuters report, that quotes one investor about Textron: “There is no one in the activist space who hasn’t looked at it and licked their lips.”
About Janice Wood
Janice Wood is editor of General Aviation News.
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You speak of “activist” investors eyeing Textron. What do you mean by “activist”? Anti-war activists? Women’s rights activists? Anti-GA activists? I’ve never heard this term used in this way before. Since this comes from Reuters, is it just a British term? Please clarify your terms. Thank you.
“Activist” investors tend to buy properties with the intent of significantly shaking up the status quo. Textron, in this case, has significant valuable properties which “activist investor’s” with loads of money, or access to loads of money, think can become more valuable by putting their stamp on the company. Think the opposite of Warren Buffet’s very hands-off approach to company acquisition.