B/E Aerospace Inc
Cost Synergies from the Rockwell Collins–B/E Aerospace Deal
Rockwell Collins (COL) and B/E Aerospace (BEAV) generated ~$5.3 billion and ~$2.9 billion in revenues, respectively, in the 12-month period ended September 30, 2016.
The Strategic Rationale behind the Rockwell Collins–B/E Aerospace Deal
There is little overlap between the product portfolios of Rockwell Collins (COL) and B/E Aerospace (BEAV). Rockwell Collins manufactures high-value avionics and electronic components, and B/E Aerospace supplies interior aircraft products.
Revenue Synergies in the Rockwell Collins–B/E Aerospace Deal
Rockwell Collins (COL) has a network of ~300 dealers in the business aviation (PPA) channel while B/E Aerospace has none.
Rockwell Collins Acquires B/E Aerospace in a Deal-Making Weekend
On October 23, Rockwell Collins (COL) announced that it intends to acquire B/E Aerospace (BEAV) for a total consideration of $8.3 billion. Within Rockwell Collins, B/E Aerospace will operate as its new Aircraft Interior Systems segment.
Northrop Grumman Faces Dogfight over Air Force Trainer Contract
The US Air Force has put up an order for 350 trainer aircraft on competing bids. The request for proposal is likely to be finalized by December 2016.
Honeywell Fell 7.5% as Business Update Spooked Investors
On October 7, Honeywell (HON) stock fell 7.5% to $106.94. This was Honeywell’s biggest one-day drop since August 2011.
Why Did Leveraged Loan Funds See Inflows Last Week?
According to data from Lipper, leveraged loan funds saw inflows last week after seeing outflows in the previous week. The quantum of inflow was small.
Leveraged Loans Issuance: Highest Year-to-Date Last Week
According to data from S&P Capital IQ/LCD, the US leveraged loans market saw an allocation of $20.8 billion worth of dollar-denominated senior loans in the week ended May 27, 2016.
Corvex Management: Key Position Updates in 4Q14
Corvex Management has over $5 billion in assets under management. Its US long portfolio fell to $8.15 billion in 4Q14 from $8.29 billion in 3Q14.
Highlights of Eminence Capital’s 4Q14 Positions
This article provides an overview of the notable positions that Eminence Capital traded during the fourth quarter of 2014.
Manitowoc to spin off after activist pressure
In its 8K filing with the SEC on January 29, Manitowoc announced that it will split its cranes and foodservice businesses.
How will KLX Energy Services Group perform in an oil downturn?
The US has 223 billion barrels of technically recoverable shale oil reserves and 2,431 trillion cubic feet of recoverable shale gas reserves.
A snapshot of the KLX Aerospace Solutions Group
Most industry analysts believe the outlook for new aircraft deliveries will be strong for the foreseeable future, which bodes well for KLX Aerospace.
B/E Aerospace spun off KLX business on activist push
On December 17, 2014, B/E Aerospace completed its spin-off of KLX, Inc., from B/E Aerospace, and KLX started trading on NASDAQ under the ticker symbol KLXI.
New B/E Aerospace’s 2014 results after spin-off
BEAV’s 1Q15 revenues should increase by 8%. EPS should increase by 16% to $0.72. New customers include Boeing, United Technologies, and Southwest Airlines.
How KLX Inc. compares to its peers
KLX expects tax goodwill of $1.2 billion to provide cash tax savings of $254–$277 million for the next 15 years.
What does Northrop’s order backlog indicate for the future?
Northrop Grumman (NOC) experienced a decline in its order backlog for the past few quarters. The decline was mainly due to the cut in defense spending.
Must-know: Eton Park sells stake in Moody’s
Eton Park exited a position in Moody’s Corp (MCO) that accounted for 2.7% of the fund’s first quarter portfolio.
Eric Mindich’s Eton Park exits position in Equinix
Eton Park exited a position in Equinix (EQIX) that accounted for 3.46% of the fund’s first quarter portfolio.
Eton Park opens new position in AerCap Holdings
Eton Park started a new position in AerCap Holdings (AER) that accounts for 1.39% of the fund’s second quarter portfolio.
Eton Park starts new position in Armstrong World Industries
Eton Park started a new position in Armstrong World Industries that accounts for 2.09% of the fund’s second quarter portfolio.
Overview: Davidson Kempner Capital Management’s 2Q14 positions
Davidson Kempner Capital Management LLC is a hedge fund manager. It manages ~$22 billion in assets. In 2Q14, Davidson Kempner Capital added new positions in Ally Financial Inc. (ALLY), WL Ross Holding (or WLRH), Newell Rubbermaid (NWL), and B/E Aerospace (BEAV).
Relational Investors goes activist on Manitowoc
Relational Investors LLC was co-founded by Ralph Whitworth and David Batchelder. It filed a 13D with the SEC last week and said it acquired 11.5 million shares, or an 8.52% stake, in Manitowoc (MTW)