Rockwell Collins to acquire B/E Aerospace in $8.3 billion dealStaff 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.
Acquisition Rockwell Collins would have nearly 30,000 employees
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. ■