B/E Aerospace (BEAV) Considers Sale

Shares of B/E Aerospace Inc. (BEAV) were trading up + 7.86 or +8.84 percent to $96.82 per share in pre-market trading on Monday, after the company announced Sunday it was considering strategic alternatives, which included a possible sale of the company, a merger or the spin off of the company, or of a selected subsidiary. B/E also announced the postponement of their investor meeting that was to be held in Winston-Salem, NC this morning.

Founded in 1987 as Bach Engineering, Wellington, Florida based B/E Aerospace Inc. is a global manufacturer of aircraft cabin interiors and the worldâ s largest supplier of aerospace fasteners, logistic services and consumables. B/E Aerospace, in addition to designing and developing a wide array of products for commercial and business aircraft, is a world leader in the manufacture of cabin seating, lighting and oxygen systems, modular lavatory systems and food preparation and storage equipment. The company has a market cap of $9.4 billion. According to the companyâ s press release on Sunday, B/E has retained Citigroup (C) as its financial advisor and Shearman & Sterling LLP as its legal counsel in the exploration of strategic options. The release also said that no decision had yet been and there was no assurance that the companyâ s exploring these alternatives would lead to any transaction being conducted or consummated. The release also noted that, â

Published on May 5, 2014
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2016. Content published with author's permission.

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