HXL - Woodward is said to work with bank to explore M&A

Woodward Inc. (WWD) is said to be working with an investment bank as it considers potential deals.Woodward may be looking at U.K.-based aerospace/defense outfit Meggitt (MEGGF) as a possible target, according to Dealreporter, which cited sources familiar.Last April, Hexcel (HXL) and Woodward mutually agreed to terminate their merger deal, citing the increasing impact of the coronavirus on the aerospace and industrial sectors at the time.Woodward fell 2.2%.On Monday, Woodward EPS beats by $0.31, beats on revenue.

For further details see:

Woodward is said to work with bank to explore M&A