BRUSSELS EU antitrust regulators are set to approve without conditions U.S. aircraft component maker Rockwell Collins' (COL.N) $6.4 billion bid for aircraft interior maker B/E Aerospace (BEAV.O), two people familiar with the matter said on Wednesday.
The deal will boost Rockwell Collins' exposure to a record pipeline of commercial aerospace equipment purchases and expand its relatively modest presence in lucrative aftermarkets.
The companies have little product overlaps, with Rockwell active in avionics and flight control systems while B/E Aerospace is a major supplier of aircraft seats, galleys, lighting and lavatories. (Reporting by Foo Yun Chee; Editing by Susan Fenton)
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Published Date: Apr 06, 2017 00:30 AM | Updated Date: Apr 06, 2017 00:30 AM