B/E Aerospace Inc
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.
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.
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.
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.
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.
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)
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.
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.
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.
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 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.