- Financial Times•1 hour ago
Since Safran and Zodiac Aerospace proposed a merger in January, two things have happened. One of Safran's shareholders has rubbished the deal and Zodiac has warned on profits. This suggests a rethink is ...
- Reuters - UK Focus•6 hours ago
Zodiac Aerospace (LSE: 0NR6.L - news) '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. Zodiac said on Friday it had asked Olivier Zarrouati to stay on "for a while" to try to forge the world's third-largest aerospace supplier, but added it was working on an alternative standalone plan in case the Safran merger fell through. The firms announced a deal for Safran to take control in January, but it ran into criticism over its complex structure, crafted to preserve tax breaks for a group of family shareholders, and new problems at Zodiac's UK plants.
- Reuters•8 hours ago
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. TCI has waged a public campaign to persuade Safran to cancel its proposed $9 billion offer for Zodiac, saying it was overpaying for a struggling company, a view underpinned by Zodiac's posting of a first-half operating loss. "These are disastrous results from Zodiac yet again... Zodiac's business continues to implode with no sign of recovery," TCI founder Christopher Hohn said in an emailed 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||75.53 - 76.72|
|52-week range||59.42 - 77.12|
|PE ratio (TTM)||16.89|
|Dividend & yield||1.76 (2.27%)|
|1y target est||N/A|