B/E Aerospace (BEAV) stock jumped 11% in massive volume early Monday after the company said it may put itself up for sale to cash in on surging global air travel.
The world’s largest maker of aircraft-cabin interior products such as seats, food carts and equipment fasteners said that putting itself on the market was one option it was considering to increase shareholder value. Other options include merging or spinning off a division or unit as a separate company.
The company didn’t disclose details such as whether it was in talks with any potential partners and said in a statement that it has set no timetable.
B/E Aerospace also canceled its planned annual shareholder meeting in Winston-Salem, N.C. that was slated to take place on Monday.(…)
via B/E Aerospace May Sell Itself Amid Surging Air Travel – Investors.com.