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Zodiac Aerospace SA (ZODC.PA)

ZODC.PA on Paris Stock Exchange

23.65EUR
11:35am EDT
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€0.09 (+0.38%)
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€23.56
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Fri, May 26 2017

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Safran investor TCI says reduced offer for Zodiac still too high

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.

Safran investor TCI says reduced offer for Zodiac still too high

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.

Zodiac accepts reduced Safran offer after profit warnings

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.

UPDATE 5-Zodiac accepts reduced Safran offer after profit warnings

* Most Zodiac family investors to lose special tax status (Adds details, background, quote)

Safran cuts core restructured offer for Zodiac to 25 euros

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.

TCI calls on Safran to drop Zodiac deal and fix engines

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.

UPDATE 1-TCI calls on Safran to drop Zodiac deal and fix engines

* Founder Chris Hohn wants deal scrapped 'immediately' (Adds detail from letter, background, bullet points)

TCI calls for Safran to cancel Zodiac deal immediately, fix engine problems - letter

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.

Activist hedge fund TCI says Zodiac shares now worth even less

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.

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.

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