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Rockwell Collins (COL) to Acquire B/E Aerospace (BEAV) for $6.4B

October 23, 2016 4:48 PM EDT

Rockwell Collins (NYSE: COL) and B/E Aerospace (NASDAQ: BEAV) announced that they have entered into a definitive 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 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. This represents a premium of 22.5% to the closing... More