Call Today 954-900-9138

Aerospace merger passes shareholder vote

When a Florida business wants to merge with another business, there may be many steps involved before the final deal can be approved and the newly formed company can move forward. If a company is publicly traded, one of these steps may involve a vote of the shareholders.

In the autumn of 2016, two companies made an agreement to merge. This agreement was made between Rockwell Collins and B/E Aerospace. The latter is known for building the interior components of airplanes. After many months of preparation, the deal was put to a shareholder vote. In making the decision to approve or not to approve the deal, shareholders likely assessed the financial benefits they may realize if the deal is approved.

It is reported that each share of B/E Aerospace stock was valued at roughly $34.10. If the merger would be approved, new Rockwell Collins common stock would be issued and those shares would have individual values of slightly more than $64.00. An estimated 79 percent of B/E Aerospace's shareholders participated in the vote on the merger decision. Of those who voted, 99 percent were in favor of the transaction. Regulatory approval is still required before the merger can be officially approved and completed.

Before embarking on a merger and at every step in the process, it may be helpful for companies to work with experienced, trusted legal counsel to get guidance on all aspects involved in getting a merger approved and in making the transition successfull.

Source: Florida Trend, "B/E Aerospace stockholders approve merger with Rockwell Collins," March 10, 2017

 

No Comments

Leave a comment
Comment Information

Contact

Ft. Lauderdale - Broward
12 S.E. 7th Street
Suite 700
Fort Lauderdale, FL 33301

Phone: 954-900-9138
Fax: 954-463-1630
Map & Directions