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B/E Aerospace (BEAV) Stock Jumps on $6.4 Billion Rockwell Collins Deal

NEW YORK (TheStreet) -- Shares of B/E Aerospace (BEAV) were surging 15.65% to $58.53 on heavy trading volume early Monday morning after the company said yesterday it would be acquired by aerospace component manufacturer Rockwell Collins (COL) for $6.4 billion in cash and stock, or $62 per share.

Rockwell will also assume $1.9 billion in net debt in the deal.

The agreement will grow Rockwell's product offerings and broaden its customer base, and will allow both companies to sell their products to each other's clients.

Rockwell plans...