Talks between a group of UAE businesses, plus a Kuwaiti company, to buy US aircraft manufacturer Textron Inc have called to a halt, according to Kuwait newspaper.
A report in the national daily Al Watan, citing anonymous people, said the deal had been called off on the back of concerns of a political outcry about a non-US group owning a large share of the firm.
Other issues such as more undeclared losses at Textron and the group's lack of technical know-how to separate Textron’s civilian and military operations within three years as had been planned, were also cited as reasons for the deal collapse the Kuwait newspaper said.
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