STEVENSON, Md. -- (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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161025006794/en/
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
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