UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 7.01 | Regulation FD Disclosure. |
Textron Inc. has completed its previously announced review of strategic alternatives for its Kautex business unit and has determined to continue operating the business as part of Textron. The review, which began in August, considered a range of options for the Kautex business, including a sale or a tax-free spin-off among other alternatives. After careful consideration, Textron has determined that the interests of its shareholders are best served if Kautex continues as a Textron business unit. Textron was assisted in this review by Goldman Sachs & Co. LLC as financial advisor.
The information contained in this Item 7.01 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TEXTRON INC. | ||
(Registrant) | ||
By: | /s/ E. Robert Lupone | |
E. Robert Lupone | ||
Executive Vice President, | ||
General Counsel and Secretary | ||
Date: December 23, 2019 |