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Friday, November 28, 2014

Equity Trader Alert #2014 - 116
Nasdaq Announces Spin-Off/Distribution Information for B/E Aerospace, Inc. Common Stock (BEAV)

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  • Industry Announcement

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B/E Aerospace, Inc. (BEAV) has announced a spin-off of KLX Inc. (KLXI). The details of the distribution are as follows:

Company/ Parent: B/E Aerospace, Inc.
Issue: Common Stock
CUSIP: 073302101
Symbol: BEAV
Record Date: December 5, 2014
Payment Date: December 16, 2014
EX Date: December 17, 2014
Ratio of Spin Off/Distribution:
 One (1) share of KLX Inc. for every two (2) shares of B/E Aerospace, Inc. held.

A 'when-issued' market will be established for KLX Inc. (KLXIV). KLXIV is anticipated to list and commence trading on December 3, 2014.

Symbol: KLXIV
CUSIP: 482539103
Anticipated First Trade Date: December 3, 2014
First Day of Regular Way Trading: December 17, 2014
Settlement Date: December 22, 2014

An EX-Distribution when-issued market will be established for B/E Aerospace, Inc. (BEAVV). The EX-Distribution when issued market is anticipated to list and commence trading on December 3, 2014.

Symbol: BEAVV
CUSIP: 073302119
Anticipated First Trade Date: December 3, 2014
Suspension Date: December 17, 2014
Settlement Date: December 22, 2014

If you would like to register as a market maker in KLXIV or BEAVV, contact Nasdaq Trading Operations at +1 212 231 5100.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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