NEW YORK (The Deal) --High-flying aircraft interiors manufacturer B\/E Aerospace (BEAV) late Sunday said it has hired Citigroup and Shearman & Sterling to help it explore options, including a potential sale. <\/p>\n
The surprise move, which included canceling B\/E's scheduled Monday investor day, caught analysts and investors off-guard. Company chairman and CEO Amin Khoury weeks ago on a quarterly investor call implied B\/E was looking to buy and not sell, saying it had signed letters of intent to acquire two manufacturing businesses. <\/p>\n
Wellington, Fla.-based B\/E, a maker of fasteners, seating and other equipment for commercial and business jets, said it would explore options including a possible sale of the company, a spin-off of select businesses and other moves, but gave few details. <\/p>\n
The seemingly quick change in direction raises questions about whether B\/E was recently approached by a potential suitor, or perhaps reacting to an activist investor who might want to change aspects of the business. Indeed, a split of B\/E might be more likely than an outright takeover. <\/p>\n
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B\/E Aerospace Flies in New Direction, Explores Sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" NEW YORK (The Deal) --High-flying aircraft interiors manufacturer B\/E Aerospace (BEAV) late Sunday said it has hired Citigroup and Shearman & Sterling to help it explore options, including a potential sale. The surprise move, which included canceling B\/E's scheduled Monday investor day, caught analysts and investors off-guard. Continue reading