Woodward And Hexcel: A Solid Match

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About: Hexcel Corporation (HXL), WWD
by: Daniel Jones
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Daniel Jones
Deep Value, value, contrarian, special situations
Summary

Woodward and Hexcel decided to merge, creating the prospect of significant investor synergies.

This move makes a lot of sense for both businesses, particularly Woodward.

Even though Woodward's investors are walking away with the better end of the deal, investors on both sides of the transaction should be happy.

Though the aerospace and defense industry is often thought to be fairly consolidated, the fact of the matter is that there are still plenty of firms operating in the space that are small enough to