B/E Aerospace, a $9 billion maker of aircraft cabin interior products, said Sunday it was exploring strategic alternatives including a possible sale, merger or spin off of the company or selected businesses.In addition, the company said in a statement it had postponed its May 5 investor meeting.B/E Aerospace said it retained Citigroup Inc as its financial advisor and Shearman & Sterling LLP as its legal advisor in connection with this process.The company said: "No decision has been made and there can be no assurance that the board's exploration of the company`s strategic alternatives will result in any transaction being entered into or consummated."
Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C fell by 0.06% or $-0.03/share to $47.73. In the past year, the shares have traded as low as $45.06 and as high as $55.28. On average, 27317100 shares of C exchange hands on a given day and today's volume is recorded at 15362235.
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