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David Brown accepts pounds 195m US bid
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ANOTHER BRITISH engineering firm looked set to fall into American
hands yesterday after David Brown, the gears manufacturer, accepted a
pounds 195m bid from Textron, the US industrial group.
The bid, which values David Brown shares at 290p, comes just a
week after the group admitted it was in talks with a potential
bidder. The shares closed at 279.5p, up 36p.
Textron, which makes Bell helicopters and Cessna light aircraft,
said it would integrate David Brown into its Fluid and Po...
