By S.L. Fuller | March 13, 2017
Rockwell Collins, Inc. shareowners strongly approve the issuance of company common stock needed to complete its acquisition of B/E Aerospace, Rockwell Collins says. This merger would reportedly cost some $6.4 billion in cash and stock.
“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,” Kelly Ortberg, Rockwell Collins’ chairman, president and CEO, says. “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.”
Rockwell Collins says the acquisition is expected to close later this spring.