B/E Aerospace exploring possible sale or merger
B/E Aerospace said it retained Citigroup Inc (C.N) as its financial advisor and Shearman & Sterling LLP as its legal advisor in connection with this process.
The company said: "No decision has been made and there can be no assurance that the board's exploration of the company`s strategic alternatives will result in any transaction being entered into or consummated."
The company said it "has not set a timetable for completion of this process and does not intend to discuss or disclose further developments with respect to this process unless and until the board of directors approves a specific transaction or otherwise concludes the review of strategic alternatives."
In addition, the company said in a statement it had postponed its May 5 investor meeting. ■