German aircraft seating maker Recaro is looking at buying assets from B/E Aerospace after the U.S. company announced a surprise review that could lead to a shakeup of the $3 billion cabins industry.Florida-based B/E Aerospace on Sunday postponed Monday's investor meeting and said it has hired Citigroup Inc advisers to explore options, including a possible sale, merger or spinoff of the company or selected businesses.The statement came less than two weeks after the company reported a record quarter for new orders amid rising demand for wide-bodied jets, and said it was looking at two potential aerospace acquisitions and had completed a third.Analysts said the review could lead to a break-up of the 26-year-old company, which has grown through more than two dozen acquisitions to become one of the largest makers of aircraft seats, with a leading role in the parts distribution chain.
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 1.3% or $-0.62/share to $47.11. 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 11607144.
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