Bloomberg: Starboard wants Rockwell Collins to reconsider B/E Aerospace

|About: Rockwell Collins, Inc. (COL)|By:, SA News Editor

Rockwell Collins (NYSE:COL) +2.7% AH following a Bloomberg report that it is under pressure from activist fund Starboard Value to reconsider its purchase of B/E Aerospace (NASDAQ:BEAV) and instead explore alternative options, including selling itself; BEAV -3.4% AH.

It is unclear if COL is open to the possibility of a sale, but at least three other top-25 shareholders are said to want to reject the deal in favor of a sale.

A deal for BEAV would add the largest supplier of equipment for aircraft cabins to COL’s portfolio, which is centered on aircraft communications and computing equipment.