Zodiac Aerospace SA (ZODC.PA)
Fri, May 26 2017
LONDON UK hedge fund TCI said aero engine maker Safran's reduced offer for Zodiac Aerospace was still too high and it would vote against the deal.
LONDON, May 26 UK hedge fund TCI said aero engine maker Safran's reduced offer for Zodiac Aerospace was still too high and it would vote against the deal.
PARIS Zodiac Aerospace's board has accepted a 15 percent cut in a takeover offer from aero engine maker Safran to create the world's third largest aerospace supplier after a string of profit warnings from the aircraft seat maker.
* Most Zodiac family investors to lose special tax status (Adds details, background, quote)
PARIS, May 24 France's Safran is cutting its core cash offer for Zodiac Aerospace by 15 percent to 25 euros per share as part of a restructured proposal to buy the aircraft seats maker, whose shares have been hit by recent profit warnings.
LONDON/PARIS Activist investor TCI Fund Management has called on the board of French aerospace firm Safran to cancel a takeover of Zodiac Aerospace immediately and instead focus on fixing design problems with a new engine.
* Founder Chris Hohn wants deal scrapped 'immediately' (Adds detail from letter, background, bullet points)
LONDON, May 12 Activist investor TCI on Friday called on the board of French aerospace firm Safran to cancel its planned takeover of Zodiac Aerospace immediately and instead focus on fixing design problems with a new engine.
LONDON, May 3 Activist hedge fund TCI Fund Management on Wednesday said Zodiac Aerospace shares were now worth 7-10 euros each ($10.92), after the French firm last Friday posted a first-half loss.
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.