(Bloomberg) — Bombardier Inc. jumped on a Wall Street Journal report that the Canadian maker of planes and trains is in talks to sell its private-jet unit to Textron Inc. Shares of Textron also surged as analysts said a deal would strengthen its hand in the luxury-aircraft business.The negotiations have been going on for several weeks, and the terms of the potential transaction are unclear, the Journal reported Tuesday, citing people familiar with the matter. There’s no guarantee that the discussions will result in any agreement, the newspaper said. Bombardier declined to comment. Textron didn’t immediately respond to a request …read more
Source:: Yahoo Finance
