B/E Aerospace explores strategic options including sale; postpones investor meeting
B/E Aerospace, Inc. ("B/E" or the "Company") (NASDAQ:BEAV), the world’s leading manufacturer of aircraft cabin interior products and the world’s leading provider of aerospace fasteners, consumables and logistics services, announced on 4 May 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 or its businesses.
No decision has been made 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 tomorrow, Monday, May 5, 2014.