B/E Aerospace Board Plans To Separate Businesses - Quick Facts

(RTTNews) - The Board of Directors of B/E Aerospace, Inc. (BEAV) Tuesday said it has commenced a process to separate its businesses into two independent, publicly traded companies.

One of the companies will focus on aircraft cabin interior equipment, while the other will provide distribution, logistics and technical services for the aerospace and energy services markets, thereby allowing each to benefit from increased management focus and operational flexibility.

The separation also allows the management teams and boards of directors of each business to determine the optimal capital structure, free cash flow allocation policy, growth strategy, compensation system and performance measurement metrics," said Amin Khoury, Chairman and Co-CEO.