B/E Aerospace To Make Public Offering
November 28
00:00
2005
B/E Aerospace To Make Public Offering
Jason Sandefur
Aircraft products manufacturer and aerospace fastener distributor B/E Aerospace announced plans to make a public offering of 13,000,000 shares of common stock. B/E hopes to raise as much as $250 million to reduce long-term debt.
B/E also confirmed its 2005 guidance that revenue will exceed $800 million and operating earnings will grow about 45%. In addition, the company raised its 2006 earnings guidance to include operating earnings growth of approximately 40%. Web: beaerospace.com �2005 FastenerNews.com
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