The Financial Times caused a stir with a report that Cessna parent company Textron has reached an agreement to buy Beechcraft for $1.4 billion.
Neither company has commented on the story, which sent Textron’s stock soaring after the news first leaked on Friday. According to the report, Beechcraft hired Credit Suisse in October to identify potential suitors, which are rumored also to have included Embraer and Indian group Mahindra & Mahindra.
