Cases
B/E Aerospace, Inc. (NASDAQ : BEAV)
Securities Class Action
Overview
Overview
- Date:
- 12/8/2016
- Company Name:
- B/E Aerospace, Inc.
- Stock Symbol:
- BEAV
- Class Period:
- FROM 12/5/2016
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Southern Florida
NEW YORK, December 8, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Florida Southern District Court on behalf of all persons or entities who held B/E Aerospace, Inc. (NASDAQ: BEAV) securities on December 5, 2016 (the “Class Period”).
On October 23, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Rockwell Collins will acquire B/E Aerospace in a merger in a deal worth $6.4 billion. As a result of the merger, B/E Aerospace shareholders are only anticipated to receive $34.10 per share in cash and $27.90 in Rockwell Collins shares in exchange for each share of B/E Aerospace common stock.
The complaint alleges that the company: (1) failed to conduct a fair sales process, (2) failed to disclose how much this proposed transaction undervalues the company, and (3) failed to disclose all material information regarding the sale of the company.
If you held B/E Aerospace securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On October 23, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Rockwell Collins will acquire B/E Aerospace in a merger in a deal worth $6.4 billion. As a result of the merger, B/E Aerospace shareholders are only anticipated to receive $34.10 per share in cash and $27.90 in Rockwell Collins shares in exchange for each share of B/E Aerospace common stock.
The complaint alleges that the company: (1) failed to conduct a fair sales process, (2) failed to disclose how much this proposed transaction undervalues the company, and (3) failed to disclose all material information regarding the sale of the company.
If you held B/E Aerospace securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.