B/E Aerospace To Explore Strategic Alternatives Including Sale

(RTTNews) - B/E Aerospace, Inc. (BEAV), a manufacturer of aircraft cabin interior products and provider of aerospace fasteners, consumables and logistics services, Sunday announced that it is engaged in a process to explore and evaluate its strategic alternatives involving the company and its respective businesses to enhance shareholder value.

According to the company, these strategic alternatives could include, amongst others, a possible sale or merger of the company; the sale, spin-off or other separation of selected businesses within B/E or other strategic transactions involving the company or its businesses.

However, no decision has been made and there can be no assurance that the board's exploration of the firm's strategic alternatives will result in any transaction being entered into or consummated, it said.

The firm has retained Citigroup as its financial advisor and Shearman & Sterling LLP as its legal advisor in connection with the process.

Further, the company said it has also decided that it will not be holding its investor meeting in Winston-Salem, North Carolina, previously scheduled for May 5, 2014.