Rockwell Collins' shareholders support acquisition of B/E Aerospace
More than 90% of Rockwell Collins shareholders have said they approve of the issuance of common stock required to complete the acquisition of B/E Aerospace in what was a demonstration of "clear and overwhelming support", according to Kelly Ortberg, Rockwell Collins’ CEO. The deal is expected to close this spring, subject to regulatory approval.
Deal Expected To Close Later This Spring

Rockwell Collins shareowners strongly approved the issuance of Rockwell Collins common stock needed to complete its acquisition of B/E Aerospace.

“Our shareowners demonstrated clear and overwhelming support with more than 90 percent of the votes cast at our special meeting voting in support of our acquisition of B/E Aerospace,” said Kelly Ortberg, Rockwell Collins’ chairman, president and CEO. “We see tremendous prospects for our combined company, and look forward to bringing new capabilities to our customers and new strategies to accelerate growth with this transformative transaction.”

The acquisition is expected to close later this spring upon completion of all requisite regulatory approvals and other customary closing conditions.

B/E Aerospace is a manufacturer of aircraft cabin interior products. B/E Aerospace designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. B/E Aerospace manufactured products include aircraft cabin seating, lighting systems, oxygen systems, food and beverage preparation and storage equipment, galley systems, and modular lavatory systems.

A full description of the proposed merger is included in the proxy statement for the special meeting, which is available through the Securities and Exchange Commission website.

(Source: Rockwell Collins news release)