Safran Confirms It Is In Discussions With Raytheon Technologies; Says It Isn't Possible To Evaluate Chances Of Reaching Any Agreement At This Stage; Says Discussions Are For Potential Acquisition Of Certain Flight Control And Actuation Activities
Portfolio Pulse from Benzinga Newsdesk
Safran is in discussions with Raytheon Technologies (RTX) for a potential acquisition of certain flight control and actuation activities. However, it is not possible to evaluate the chances of reaching an agreement at this stage.
June 05, 2023 | 3:48 pm
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Raytheon Technologies is in discussions with Safran for a potential acquisition of certain flight control and actuation activities, but the chances of reaching an agreement are uncertain.
The news of the potential acquisition could have a neutral impact on RTX's stock price in the short term, as the chances of reaching an agreement are uncertain. However, if the acquisition goes through, it could have a positive impact on the company's growth and expansion in the flight control and actuation market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100