Aerospace / Industry Headlines

B/E Aerospace Explores Strategic Alternatives

May 5, 2014

WELLINGTON, Fla.B/E Aerospace Inc., the world’s leading manufacturer of aircraft cabin interior products and the world’s leading provider of aerospace fasteners, consumables and logistics services, announced today that it is engaged in a process to explore and evaluate the company’s strategic alternatives involving the company and its respective businesses to enhance shareholder value. The company has retained Citigroup as its financial advisor and Shearman & Sterling LLP as its legal advisor in connection with this process.

These strategic alternatives could include, amongst others: a possible sale or merger of the company; the sale, spin-off or other separation of selected businesses within B/E; or other strategic transactions involving the company and its businesses.

No decision has been made as of yet, and there can be no assurance that the board's exploration of the company’s strategic alternatives will result in any transaction being entered into or consummated. The company has not set a timetable for completion of this process and does not intend to discuss or disclose further developments with respect to this process unless and until the Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives.

The Company has also decided that it will not be holding its investor meeting in Winston-Salem, NC previously scheduled for today, Monday, May 5, 2014.

For more, visit www.beaerospace.com.

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts

Quality Magazine

CoverImage

2014 July

Check out the July 2014 edition of Quality Magazine for features!

Table Of Contents Subscribe

The Biggest Obstacle/Concern?

In the current economic and business climate, what is the biggest obstacle/concern to your job?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

eNewsletters

STAY CONNECTED

facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png