Rockwell Collins, B/E Aerospace get approval for $8.3B deal
March 10, 2017
Aerospace and Defense | Wellington, FL | Corporate Acquisition
B/E Aerospace (NASDAQ: BEAV) shareholders have approved the company's sale to Rockwell Collins (NYSE: COL) for $8.3 billion in a merger that will combine two manufacturers of aviation products. Each share of B/E Aerospace will be canceled and automatically converted into the right to receive $34.10 in cash and 0.31 of a share in Rockwell Collins. The deal has yet to secure regulatory approval.