on textron site it says they are selling TFS .
doesn't say anything about TZL/intevia.
no ann here yet !!
tm...
Providence, RI – December 7, 2005 – Textron Inc. (NYSE:TXT) today announced that its Board of Directors has approved a plan to sell the company's Fastening Systems business unit. Textron has begun an active marketing process to sell the business. This decision results from an evaluation of strategic alternatives announced on September 6, 2005.
Lewis B. Campbell, Textron's Chairman, President and CEO said, "After examining a range of strategic options for our Fastening Systems business and based on initial interest from a number of potential buyers, we're confident that our plan to sell the entire unit in one transaction will realize maximum value, and that we will be able to execute the plan in a timely fashion. This represents another major step in executing our portfolio strategy and will significantly improve our return on invested capital while positioning Textron for more profitable growth in the future."
good close today, page-6
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