Case Page

 

Case Status:    ONGOING    
On or around 12/07/2016 (Ongoing date of last review)

Filing Date: December 05, 2016

According to the Complaint, on October 23, 2016, B/E Aerospace announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which Merger Sub will merge with and into B/E Aerospace, with B/E Aerospace continuing as the surviving corporation and as a wholly owned subsidiary of Rockwell Collins (the “Proposed Transaction”). Pursuant to the terms of the Merger Agreement, B/E Aerospace shareholders will receive $34.10 in cash
and the equivalent of $27.90 in Rockwell Collins common stock, subject to a two-way 7.5% collar (the “Merger Consideration”).

The Complaint alleges the Merger Consideration is insufficient and undervalues the Company and is the result of a flawed sales process.

COMPANY INFORMATION:

Sector: Capital Goods
Industry: Aerospace & Defense
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BEAV
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. Florida
DOCKET #: 16-CV-25038
JUDGE: Hon. K. Michael Moore
DATE FILED: 12/05/2016
CLASS PERIOD START: 10/23/2016
CLASS PERIOD END: 12/05/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Monteverde & Associates PC
    350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118
    (212) 971-1341 ·
  2. Shepherd, Finkelman, Miller & Shah, LLC (Ft. Lauderdale)
    1625 North Commerce Parkway , Shepherd, Finkelman, Miller & Shah, LLC (Ft. Lauderdale), FL 33326
    866-300-7367 954-515 0124 ·
No Document Title Filing Date