SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of B/E Aerospace, Inc. And Encourages Inves...
October 25 2016 - 9:20PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of B/E Aerospace, Inc.
(Nasdaq: BEAV) (“B/E” or the “Company”) relating to the
proposed buyout of B/E by Rockwell Collins Inc.
Under the terms of the agreement, B/E shareholders are
anticipated to receive $34.10 in cash and stock
worth $27.90 a piece, for a total consideration
of $62.00 per share in cash and stock for B/E. The firm’s
investigation seeks to determine, among other things, whether the
Company’s Board of Directors failed to satisfy their duties to
shareholders, including whether the Board adequately pursued
alternatives to the acquisition and whether the Board obtained the
best price possible for the Company’s shares of common stock.
For example, according to Yahoo! Finance, at least one Wall
Street analyst has issued a price target for B/E stock at $66.00
per share.
If you currently own common stock of B/E and believe that the
proposed buyout price is too low, and you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20161025006794/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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