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 & Securities Information
Defendant: B/E Aerospace, Inc.
Sector: Capital Goods
Industry: Aerospace & Defense
Headquarters: United States
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.
First Identified Complaint
Kipp Dodds, et al. v. B/E Aerospace, Inc., et al.
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:
Monteverde & Associates PC 350 Fifth Avenue, 59th Floor, Monteverde & Associates PC, NY 10118 (212) 971-1341 ·
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 ·
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934