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Safran SA (SAF.PA)

SAF.PA on Paris Stock Exchange

76.02EUR
28 Apr 2017
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Fri, Apr 28 2017

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Zodiac aims to complete Safran deal, CEO offers to go

PARIS Zodiac Aerospace's chief executive has offered his resignation after another profit warning from the French company, which is continuing talks with Safran to seal a merger and end a crisis in its aircraft seat factories.

UPDATE 4-Zodiac aims to complete Safran deal, CEO offers to go

* Shares recover partially after sharp fall on Thursday (Updates shares, adds context)

Hedge fund TCI scathing on Zodiac results, wants Safran deal suspended

PARIS Hedge fund TCI Fund Management renewed pressure on France's Safran to suspend its bid to buy Zodiac Aerospace after the aircraft seats maker issued a second profit warning in as many months.

UPDATE 1-Hedge fund TCI scathing on Zodiac results, wants Safran deal suspended

PARIS, April 28 Hedge fund TCI Fund Management renewed pressure on France's Safran to suspend its bid to buy Zodiac Aerospace after the aircraft seats maker issued a second profit warning in as many months.

Safran confirms talks to buy Zodiac Aerospace continue

PARIS, April 28 Safran said on Friday its talks to buy Zodiac Aerospace were continuing after the French company issued a new profit warning.

CORRECTED-UPDATE 2-Zodiac aims to complete Safran deal, CEO offers resignation

PARIS, April 28 Zodiac Aerospace said its chief executive planned to quit and added to a litany of profit warnings as it reaffirmed hopes of merging with engine maker Safran to end a prolonged crisis in its aircraft seats plants.

Hedge fund TCI urges Safran to walk away from Zodiac after new warning

PARIS, April 28 UK hedge fund TCI Fund Management renewed pressure on France's Safran to drop plans to buy Zodiac Aerospace after the aircraft seats maker issued the second profit warning in as many months and posted a first-half operating loss.

Zodiac Aerospace to pursue Safran tie-up, CEO offers resignation

PARIS, April 28 France’s Zodiac Aerospace on Friday reaffirmed plans to combine with engine maker Safran and said chief executive Olivier Zarrouati had agreed to stay on "for a while" after offering his resignation to the board.

Zodiac faces growing investor uncertainty over Safran offer

PARIS Uncertainty is growing over a $9 billion offer for aircraft seats maker Zodiac Aerospace by French aerospace firm Safran as the embattled target company puts finishing touches to delayed first-half earnings now due on Friday.

Zodiac faces growing investor uncertainty over Safran offer

PARIS, April 27 Uncertainty is growing over a $9 billion offer for aircraft seats maker Zodiac Aerospace by French aerospace firm Safran as the embattled target company puts finishing touches to delayed first-half earnings now due on Friday.

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