- Reuters•21 days ago
Activist hedge fund TCI Fund Management on Monday called on Safran (SAF.PA) to set up an ad-hoc independent directors' committee to review the company's valuation of Zodiac Aerospace (ZODC.PA), according to a letter seen by Reuters. London-based TCI said in its letter to the board of Safran, which is planning a $9 billion takeover of Zodiac, that such a committee was required by French law and under the recommendations of the local regulator. The hedge fund firm said this committee should appoint a major international financial institution to perform an independent fairness opinion on Zodiac shares.
- Reuters - UK Focus•21 days ago
Activist hedge fund TCI Fund Management on Monday called on Safran to set up an ad-hoc independent directors' committee to review the company's valuation of Zodiac Aerospace, according to a letter seen ...
- Reuters•25 days ago
The U.S. Justice Department said on Thursday it will require Smiths Group Plc to divest Morpho Detection LLC and Morpho Detection International LLC's global explosive trace detection business for Smiths to proceed with its proposed $710 million acquisition of Morpho from Safran SA. The Justice Department’s Antitrust Division filed a civil antitrust lawsuit Thursday in the U.S. District Court for the District of Columbia to block the proposed transaction, the department said in a statement.
SAF.PA: Summary for SAFRAN - Yahoo Finance
Safran SA (SAF.PA)
Paris - Paris Delayed price. Currency in EUR
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|Bid||60.98 x 200|
|Ask||61.50 x 17100|
|Day's range||75.32 - 77.12|
|52-week range||59.42 - 77.12|
|PE ratio (TTM)||17.04|
|Dividend & yield||1.76 (2.27%)|
|1y target est||N/A|