Woodward and Hexcel end merger pact citing pandemic

Woodward Inc. and Hexcel Corp. called off their merger agreement that would have created a major aerospace and defense supplier, citing the effects of the coronavirus pandemic.

“Woodward, Inc. and Hexcel Corp. called off a merger agreement that would have created one of the world’s biggest aerospace and defense suppliers, adding to the list of deals that have been quashed by coronavirus pandemic.”news.bloomberglaw.com

• 7 sources
• news.bloomberglaw.comWoodward, Hexcel End Aerospace Merger Pact, Citing Pandemic (1)Tony Robinson, Elizabeth FournierApr 6, 2020
• flightglobal.comHexcel and Woodward cancel merger due to coronavirus downturn – FlightGlobalJon HemmerdingerApr 6, 2020
• pymnts.comCPI | Boeing Suppliers Hexcel & Woodward Scrap Merger Over Covid…CPIApr 6, 2020
• avitrader.comCOVID-19 sees end to Hexcel and Woodward mergerApr 7, 2020
• finance.yahoo.comHexcel and Woodward Announce Termination of Merger AgreementZacks Equity Research

Summarized from public sources; check the original articles before acting on it.