Acquisition of B/E Aerospace Inc Under Investigation for Investors Concerning Possible Wrongdoing
An investigation on behalf of investors of B/E Aerospace Inc (NASDAQ:BEAV) in connection with the proposed takeover was announced and NASDAQ:BEAV stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 10/31/2016 --The takeover of B/E Aerospace Inc is under investigation over potential wrongdoing. The investigation was announced for investors, who currently hold NASDAQ:BEAV shares, concerning whether the takeover of B/E Aerospace Inc. by Rockwell Collins for a value of $62.00 per share is unfair.
Investors who purchased shares of B/E Aerospace Inc (NASDAQ:BEAV) and currently hold any of those NASDAQ:BEAV shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain B/E Aerospace directors breached their fiduciary duties owed to NASDAQ:BEAV investors in connection with the proposed acquisition.
On October 23, 2016, Rockwell Collins and B B/E Aerospace Inc (NASDAQ:BEAV) announced that they have entered into an agreement under which Rockwell Collins will acquire B/E Aerospace for approximately $6.4 billion in cash and stock, plus the assumption of $1.9 billion in net debt. Under the terms of the agreement, each B/E Aerospace Inc (NASDAQ:BEAV) shareowner will receive total consideration of $62.00 per share, comprised of $34.10 per share in cash and $27.90 in shares of Rockwell Collins common stock, subject to a 7.5% collar.
However, the investigation concerns whether the offer is unfair to NASDAQ:BEAV stockholders. More specifically, the investigation concerns whether the B/E Aerospace Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of B/E Aerospace Inc (NASDAQ:BEAV) closed on October 28, 2016 at $59.50 per share.
Those who are current investors in B/E Aerospace Inc shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/737586