Hints and tips:
...Hexcel and Woodward, two Boeing suppliers, have pulled the plug on their $6.4bn merger, becoming the first big deal to collapse due to the coronavirus pandemic....
...A few deals got recut (Forescout/Advent), a few were mutually cancelled (Hexcel/Woodward), but in large part buyers knew better than to try to re-trade even if they believed they were paying too much....
...Others, such as Alphabet’s $2bn purchase of Fitbit, are under review by regulators, while aircraft parts makers Hexcel and Woodward agreed to terminate their merger-of-equals without either paying or receiving...
...Hexcel, another Max supplier, left its 2019 adjusted earnings guidance unchanged on Tuesday, saying in a statement that “despite obvious uncertainties related to the Boeing 737 Max, overall demand remains...
...The leaders in supplying high-end composites are Toray of Japan and Hexcel of the US....
...If their out-of-autoclave technology is as exciting as they think, that might trigger a counterbid from Hexcel.” Hexcel did not respond to requests for comment....
...Although peers such as Hexcel have been mentioned as potential buyers it is considered unlikely that there is any interested party still waiting in the wings....
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