Woodward expects smooth merger transition despite looming antitrust scrutiny
FORT COLLINS — Woodward Inc. (Nasdaq: WWD) CEO Tom Gendron pushed a sense of long-term confidence for his company in what could be Woodward’s final annual shareholder meeting before it combines with Hexcel Corp. (NYSE: HXL).
Speaking at the company’s annual shareholder meeting in Fort Collins Wednesday morning, Gendron said the pending merger with Connecticut-based Hexcel makes sense for investors as it plans to buy back $1.5 billion worth of its stock in the months after the deal’s close, and the new company would have the size to take on the research departments of other aerospace supplier…
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