Rockwell Collins’ shareowners vote strongly in favor of B/E Aerospace acquisition
Friday, Mar 10, 2017
Rockwell Collins, Inc. (NYSE: COL) announced that its shareowners strongly approved the issuance of Rockwell Collins common stock needed to complete its acquisition of B/E Aerospace (NASDAQ: BEAV).
“Our shareowners demonstrated clear and overwhelming support with more than 90 percent of the votes cast at our special meeting voting in support of our acquisition of B/E Aerospace,” said Kelly Ortberg, Rockwell Collins’ chairman, president and CEO. “We see tremendous prospects for our combined company, and look forward to bringing new capabilities to our customers and new strategies to accelerate growth with this transformative transaction.”
The acquisition is expected to close later this spring upon completion of all requisite regulatory approvals and other customary closing conditions.
A full description of the proposed merger is included in the proxy statement for the special meeting, which is available through the Securities and Exchange Commission website at www.sec.gov
For more information, please visit: http://www.rockwellcollins.com