Seeking Alpha

Relational unveils 3.5% stake in B/E Aerospace

  • A possible reason behind B/E Aerospace's (BEAV +0.1%) surprise announcement that it was weighing a potential sale became known yesterday when Relational Investors disclosed it had taken a 3.5% stake in the company and pushed for change.
  • The activist firm first began buying shares in February and requested a meeting with management to express dissatisfaction with BEAV’s strategy; among its concerns were said to be that the company’s core business of manufacturing plane seats was increasingly obscured by acquisitions to bolster other businesses, such as the making of consumables such as aircraft fasteners.
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