B/E Aerospace (BEAV) appears to be making significant progress on the upcoming spinoff of its consumables management segment, KLX inc. The company recently filed an initial Form 10 and while I haven’t had a chance to read through the entire document, it seems like the ‘Energy Technical Services’ segment is going to be a bigger focus for the… Read More »
Last month, we wrote about speculation that B/E Aerospace(BEAV) might result in the spinoff of assets. Today, the company announced that it will indeed split into two independent companies, one focused on Manufacturing, and one on Services. The company expects the spin off to occur in the first quarter of 2015. The co-CEO’s statement in support of the… Read More »
Shareholders heading to Winston-Salem yesterday for B/E Aerospace’s (BEAV) annual meeting were likely very disappointed (or worse) to hear that the meeting had been cancelled the day before. The company opted to postpone its annual gathering after issuing a press release stating that the company was engaged in a ‘Process to Explore Strategic Alternatives’. Hopefully the fact that… Read More »