On or around 02/15/2017 (Court's order of dismissal)
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.
This case was voluntarily dismissed on February 15, 2017.
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