Oshkosh Corporation To Acquire AeroTech Business From JBT Corporation For Purchase Price Of $800M
Portfolio Pulse from Benzinga Newsdesk
Oshkosh Corporation is set to acquire the AeroTech business from JBT Corporation for a purchase price of $800 million.
May 30, 2023 | 11:01 am
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POSITIVE IMPACT
JBT Corporation sells its AeroTech business to Oshkosh Corporation for $800 million, generating cash for the company.
The sale of AeroTech business by JBT Corporation to Oshkosh Corporation will generate $800 million in cash for JBT. This could lead to a positive impact on JBT's stock price in the short term as it increases the company's cash reserves.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Oshkosh Corporation acquires AeroTech business from JBT Corporation for $800 million, expanding its portfolio.
The acquisition of AeroTech business by Oshkosh Corporation will expand its portfolio and potentially increase its market share. This could lead to a positive impact on OSK's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100