B/E Aero prices 10.5M share sale |
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Published
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Fri, 23 Mar 2007 13:22
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WELLINGTON, Fla. (AP) - Aerospace supplier B/E Aerospace Inc. said Friday it will sell 10.5 million shares for $32 apiece in a public offering that aims to raise $320 million in net proceeds.The company plans to use the funds to pay down existing debt.UBS Securities LLC and Credit Suisse Securities LLC are jointly managing the sale.B/E Aerospace shares closed Thursday at $33.33 on the Nasdaq Stock Market.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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