More than 90% of Rockwell Collins shareholders have said they approve of the issuance of common stock required to complete the acquisition of B/E Aerospace in what was a demonstration of "clear and overwhelming support", according to Kelly Ortberg, Rockwell Collins’ CEO. The company has been under pressure from activist investors who want it to sell off its stake in B/E.
More than 90% of Rockwell Collins shareholders have said they approve of the issuance of common stock required to complete the acquisition of B/E Aerospace in what was a demonstration of "clear and overwhelming support", according to Kelly Ortberg, Rockwell Collins’ CEO. The deal is expected to close this spring, subject to regulatory approval.