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B/E Aerospace was trying to shop the company around to potential buyers when it decided in June to spin-off its Consumables Management business – primarily fasteners.

In connection with its previously announced spin-off of KLX Inc., B/E Aerospace has been informed by NASDAQ about key dates relating to trading in common stock of KLX and B/E Aerospace in connection with the spin-off.

The record date for the distribution of KLX common stock to B/E Aerospace shareholders will be the close of business on Friday, December 5, 2014, and the distribution date will be December 16, 2014.

Starting on Wednesday December 3, there will be a when-issued market in KLX common stock under the ticker symbol “KLXIV.” This when-issued market will continue until regular-way trading in KLX common stock begins under the ticker symbol “KLXI” on December 17, the first trading day after the distribution date.

Also starting on December 3, there will be two markets in B/E Aerospace common stock: a “regular-way” market and an “ex-distribution” market:

Regular way market. Shares of B/E Aerospace common stock that trade on the regular-way market under B/E Aerospace’s current ticker symbol “BEAV” will trade with an entitlement to shares of KLX common stock distributed in the distribution through December 16, 2014.
Ex-distribution market. Shares of B/E Aerospace common stock that trade on the ex-distribution market will trade under the ticker symbol “BEAVV” without an entitlement to shares of KLX common stock distributed in the distribution. The last day of trading in the ex-distribution market will be December 16.

For the history of KLX, FIN subscribers can CLICK HERE.

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Related Links:

• B/E Aerospace