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Rockwell Collins to acquire B/E Aerospace in $8.3 billion deal

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Staff Writer | October 24, 2016
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.
B/E Aerospace
Acquisition   Rockwell Collins would have nearly 30,000 employees
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 price of B/E Aerospace common stock on Friday, October 21, 2016.

The acquisition significantly increases Rockwell Collins’ scale and diversifies its product portfolio, customer mix and geographic presence.

On a pro forma basis, Rockwell Collins would have nearly 30,000 employees, $8.1 billion in revenues and $1.9 billion in EBITDA for the twelve months ending September 30, 2016. â–