Aircraft component manufacturer Rockwell Collins announced its plan to acquire airplane interior maker B/E Aerospace for a staggering $6.4 billion on Sunday October 23.
The deal, which should finalize in the spring of 2017, will yield B/E shareholders $34.10 per share in cash and $27.90 worth of Rockwell Collins common stock. Rockwell will also take on the $1.9 billion in debt left behind by B/E Aerospace. The acquisition is a synergy of Cedar Rapids-based Rockwell Collins’ avionics expertise and Wellington, Florida’s B/E Aerospace’s cabin interior products. The merge expects to expand the range of products that Rockwell Collins provides to major commercial and business aircraft and also increase in customer base globally.
The buyout will have a cost savings of about $160 million and will cause a double-digit rise to earnings per-share in the first full year. B/E Aerospace CEO Werner Lieberherr is the newly-appointed executive vice-president and chief operating officer for the Rockwell Collins’ aircraft interior systems segment.
At the Arenson Law Group, PC, we handle business and corporate law. Contact us at (319) 363-8199 to find out more about your legal options.
Joe Vandusen thought it was a joke when the wife he hadn’t seen in 15 years sent him a court order to pay child support for the one-year-old child she had with another man.
Unfortunately for Vandusen, his wife was not joking and it took him two-thirds of a year to fight the Iowa law that said the husband, not the father of the child born to his wife, must offer financial support.
The order was served to him in February of the same year that he was laid off. He didn’t have the means to fight the order alone, but when he shared his account with WQAD-TV one month later, there was an influx of support from strangers across the country.
With the donations, he paid for a local attorney, Jennifer Olsen, who first set out to confirm that he was not the father of the child. However, because of the law, this was not enough. Although Vandusen walked away successful, he continues to fight this law because of how it personally affected him: “I’m not done fighting. There’s a lot of guys there just like me.”
If you are fighting for the rightful child support owed to you by your ex-spouse or you are unwarrantedly being asked to cover such expenses, contact an attorney with Arenson Law Group, PC. We will try our best to help you through this confusing and difficult time. Call us at (319) 363-8199 today.
Thirty demonstrators were apprehended last month and most appeared in court, charged with trespassing at a central Iowa petroleum pipeline construction site.
Twenty-nine of the protesters pled guilty and quietly accepted their $270 fine, while one pled not guilty and awaits trial. All 30 protesters are environmentalists and members of various action groups. They continued their protest following their September 15 court hearing, which was to catch the attention of President Barack Obama and stop the Dakota Access pipeline. Their claim is that the pipeline not only disturbs Native burial and other cultural sites, but will inevitably poison the water in the area.
The Standing Rock Sioux Tribe that inhabits the area and other property owners in Iowa have filed a border dispute claim against the project managers.
Counter-protesters and supporters of the project argue that the pipeline has already half completed and an action to stop construction disregards all regulatory processes and will set unfavorable precedents for future infrastructure projects.
If you are in need of representation during a boundary dispute in Cedar Rapids, please contact the aggressive and knowledgeable construction lawyers at Arenson Law Group, PC. For more information on the services we offer, call (319) 363-8199 today.