Zodiac Aerospace SA (ZODC.PA)
24 Mar 2017
* PPLocal is lobby group that acted on behalf of Solocal shareholders and it says in statement that it will also look to oppose Safran/Zodiac deal on behalf of private shareholders
* Hikma jumps following results (Recasts, adds quote and detail, updates prices at close)
PARIS Pressure on France's Safran to rethink its proposed $9 billion takeover of Zodiac Aerospace intensified on Wednesday as a profit warning sent the target's shares tumbling and hedge fund TCI called for Safran's chairman to be ousted unless it abandons the deal.
* TCI says Safran chairman should be ousted unless deal scrapped (Adds detail, background)
LONDON Zodiac Aerospace shares deepened losses on Wednesday on market talk that aero engine maker Safran could cut consider cutting the price of its bid following a new profit warning from troubled aircraft seats maker.
PARIS, March 15 Hedge fund TCI called on Wednesday for the chairman of Safran to be removed from his position unless he cancelled Safran's planned takeover of struggling peer Zodiac Aerospace.
* German utility E.ON drops after 16 bln euro loss (Updates prices)
LONDON, March 15 European shares rose on Wednesday, boosted by strength in basic resource and oil stocks, while French aeroplane seat-maker Zodiac plummeted after its latest profit warning.
PARIS, March 15 Shares in Zodiac Aerospace , which rival Safran is planning to buy, slumped on Wednesday after it issued a new profit warning.
PARIS France's Safran on Tuesday reaffirmed its interest in acquiring aircraft seats maker Zodiac Aerospace despite the latest in a series of profit warnings, but pledged to take Zodiac's new forecasts into account in takeover discussions.