d day is coming, page-7

Certainly not. Textron wants to divest TFS as the return on capital is quite low compared with all their other divisions such as Cessna and Bell Helicopters. The best way to divest ie the most profitable route is to merge the entire division with the new technology partner (TZ containing Intevia, the part Textron wants) and float as a new entity based on high tech (hence NASDAQ) but backed with an income stream. They should realise US$1.5B for the combined entity and then hive off all the bits of TFS that the new entity can well do without. They could of course sell before a float but then the size (and overall attraction) would be lower and hence the profit on the combined sale smaller. It is certainly a rationale I would follow but all remains to be seen (probably in a few weeks only).

There is at least one confirmed (pretend seller) still trying to shake out a few loose shares before knowledge becomes widespread. $2 will appear cheap in H2 06.