(Adds details, stock price)
May 4 B/E Aerospace, a $9 billion maker
of aircraft cabin interior products, said Sunday it was
exploring strategic alternatives including a possible sale,
merger or spin off of the company or selected businesses.
In addition, the company said in a statement it had
postponed its May 5 investor meeting.
B/E Aerospace said it retained Citigroup Inc as its
financial advisor and Shearman & Sterling LLP as its legal
advisor in connection with this process.
The company said: "No decision has been made and there can
be no assurance that the board's exploration of the company`s
strategic alternatives will result in any transaction being
entered into or consummated."
The company said it "has not set a timetable for completion
of this process and does not intend to discuss or disclose
further developments with respect to this process unless and
until the board of directors approves a specific transaction or
otherwise concludes the review of strategic alternatives."
On Friday, the B/E Aerospace stock closed at $88.96, up 60
cents, or 0.7 percent.
(Reporting by Scott DiSavino; Editing by Stephen Powell)