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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (17)	7/8/2003 11:17:38 PM
From: richardred	Respond to of 7253

It's ironic today for this board, JLG was the acquirer not the target. The market also reacted positive with JLG stock price up over 10 %. Not the usual reaction, but the buy will add to earnings. NEW YORK, July 8 (Reuters) - Construction equipment maker JLG Industries Inc. (NYSE:JLG - News) on Tuesday said it would buy a unit of Textron Inc. (NYSE:TXT - News) that makes telescopic material handlers for $100 million in cash, expanding its product line. After integration expenses, McConnellsburg, Pennsylvania-based JLG said it expected the deal to add 8 cents to 10 cents to its earnings per share in the first full year of combined operations, and more in later years