Rockwell Collins COL is said to be in advanced talks to acquire B/E Aerospace BEAV for $62 per share in cash and stock, according to sources as reported by the Wall Street Journal on Saturday. A deal could be announced on Sunday.
Keith Meister's Corvex Management reported a new 2.7 million share stake in B/E Aerospace in a 13F filing in August.
B/E Aerospace closed at $50.61 on Friday, down $0.04.
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