ZC.PA - Zodiac Aerospace

Paris - Paris Delayed price. Currency in EUR
24.355
+0.040 (+0.165%)
At close: 5:35PM CEST
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Previous close24.315
Open24.270
Bid21.750 x 250000
Ask22.150 x 60000
Day's range24.270 - 24.390
52-week range19.785 - 28.850
Volume706,631
Avg. volume424,801
Market cap6.81B
Beta0.61
PE ratio (TTM)169.13
EPS (TTM)N/A
Earnings dateN/A
Forward Dividend & Yield0.17 (0.60%)
Ex-dividend date2017-01-25
1y target estN/A
  • Reuters - UK Focus5 months ago

    Safran investor TCI says reduced offer for Zodiac still too high

    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 accepted on Wednesday a 15 percent cut in an offer from ...

  • Reuters - UK Focus5 months ago

    TCI calls on Safran to drop Zodiac deal and fix engines

    LONDON/PARIS, May 12 (Reuters) - Activist investor TCI Fund Management has called on the board of French aerospace firm Safran (LSE: 0IU8.L - news) to cancel a takeover of Zodiac Aerospace (LSE: 0NR6.L - news) immediately and instead focus on fixing design problems with a new engine. The move is the latest attempt by TCI to stop Safran's $9 billion deal with struggling Zodiac, which the British hedge fund considered too expensive even before the latest profit warning from the maker of aircraft seats. In a letter to the Safran board dated May 12, TCI said instead of pursuing the takeover, which would take up a lot of management time and focus, it should instead look to fix a problem with its new LEAP engine.

  • Reuters - UK Focus6 months ago

    Activist hedge fund TCI says Zodiac shares now worth even less

    Activist hedge fund TCI Fund Management on Wednesday said Zodiac Aerospace shares were now worth 7-10 euros each , after the French firm last Friday posted a first-half loss. TCI is campaigning to pressure ...

  • Reuters - UK Focus6 months ago

    Zodiac aims to complete Safran deal, CEO offers to go

    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 - UK Focus6 months ago

    European shares fall as ECB stands pat, banks drop

    European shares fell from 20-month highs on Thursday as weaker banks weighed, with the broader market little moved by a widely expected European Central Bank decision to stand pat on policy. The pan-European ...

  • Reuters - UK Focus6 months ago

    Investors await ECB's Draghi, European shares dip - For more see the European equities LiveMarkets blog

    Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarkets Summary: **European shares set to snap 6-day winning streak **ECB keeps rates on hold, Mario Draghi comments ...

  • Reuters - UK Focus7 months ago

    TCI pushes Safran for independent committee to review Zodiac valuation

    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 - UK Focus7 months ago

    Hedge fund TCI intensifies pressure on Safran to scrap $9 bln Zodiac deal

    Pressure on France's Safran (Milan: SAF.MI - news) 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. Zodiac shares were down 16 percent at 23.07 euros by 1259 GMT, well below Safran's offer price of 29.47 euros. Paris-based Zodiac disclosed new cost overruns and slashed its earnings guidance late on March 14, with the manufacturer of aircraft interiors saying it expects annual core operating income to fall by about 10 percent, against a previous forecast of a 10-20 percent increase.

  • Reuters - UK Focus7 months ago

    Safran chairman should be removed if Zodiac deal not cancelled - TCI

    Hedge fund TCI called on Wednesday for the chairman of Safran (LSE: 0IU8.L - news) to be removed from his position unless he cancelled Safran's planned takeover of struggling peer Zodiac Aerospace (LSE: 0NR6.L - news) . "If you do not cancel the deal it will be clear evidence that you are not competent to continue as chairman of Safran, so we will call on Safran shareholders to remove you from the board at the AGM in June," TCI wrote in a letter addressed to Safran (Milan: SAF.MI - news) chairman Ross McInnes. Officials at Safran were not immediately available to comment on TCI's letter, which was released to the media.

  • Reuters - UK Focus7 months ago

    Safran still interested in Zodiac after profit warning

    France's Safran (LSE: 0IU8.L - news) on Tuesday reaffirmed its interest in acquiring aircraft seats maker Zodiac Aerospace (LSE: 0NR6.L - news) despite the latest in a series of profit warnings, but pledged to take Zodiac's new forecasts into account in takeover discussions. Paris-based Zodiac earlier posted first-half revenues down 1.8 percent to 2.445 billion euros and reaffirmed revenue targets while slashing its forecast for full-year operating earnings. The French aircraft parts and systems supplier disclosed new cost overruns in its Zodiac Seats UK unit, which is developing seats for United Airlines, on top of cabin problems and weak markets for helicopters, business jets and regional aircraft.

  • Reuters - UK Focus7 months ago

    Zodiac warning draws wary response from suitor Safran

    France's Safran (LSE: 0IU8.L - news) on Tuesday reaffirmed its interest in acquiring aircraft seats maker Zodiac Aerospace (LSE: 0NR6.L - news) despite the latest in a series of profit warnings, but pledged to take Zodiac's new forecasts into account in takeover discussions. Paris-based Zodiac earlier posted first-half revenues down 1.8 percent to 2.445 billion euros and reaffirmed revenue targets while slashing its forecast for full-year operating earnings. The French aircraft parts and systems supplier said it had been hit by industrial problems in its Zodiac Seats UK and Cabins activities and weak markets for helicopters, business jets and regional aircraft.

  • Reuters - UK Focus8 months ago

    Safran rejects TCI Fund Management's criticism of Zodiac Aero bid

    France's Safran (LSE: 0IU8.L - news) on Thursday rejected criticism by a UK hedge fund over a proposed $9 billion offer for Zodiac Aerospace (LSE: 0NR6.L - news) and pledged to stand firm as a spat intensified over plans to create the world's third-largest aerospace supplier. Defending its agreed bid to buy family-controlled Zodiac despite recent industrial problems there, the French engine maker sent a six-page rebuttal to TCI Fund Management, accusing it of waging a public campaign to undermine the project. TCI has questioned the strategic benefits of the deal and accused Safran of paying a "hugely inflated price" for Zodiac, which has issued a series of profit warnings following a production crisis in its aircraft interiors business.

  • Reuters - UK Focus8 months ago

    TCI says Safran is flying blind on Zodiac bid valuation

    LONDON/PARIS, Feb 23 (Reuters) - Hedge fund TCI Fund Management, locked in a war of words with Safran SA (LSE: 0IU8.L - news) over the aerospace firm's proposed bid for Zodiac Aerospace SA , said on Thursday the company had no proof that its valuation of the deal made sense. Safran, responding earlier on Thursday to TCI's criticisms of the deal, said its board had valued the offer at 13 times operating earnings based on Zodiac's recent margin guidance for 2019-20 and considered this to be in line with similar deals. Commenting on the letter from Safran Chairman Ross McInnes, TCI said the valuation was based on fragile assumptions given a recent spate of Zodiac profit warnings and Safran's inability to carry out due diligence at Zodiac's aircraft seat factories.

  • Reuters - UK Focus8 months ago

    Airbus COO says Zodiac must not get distracted by Safran merger

    Airbus warned supplier Zodiac that it must not let itself be distracted by its planned tie-up with aero engine maker Safran, adding that the seat maker still had work to do after delays in supplying cabin ...

  • Reuters - UK Focus8 months ago

    Hedge fund TCI says has support in battle against Safran-Zodiac deal

    Hedge fund operator TCI Fund Management said on Thursday it had the support of several other investment firms in its protest against aero engines maker Safran's agreed bid for seats manufacturer Zodiac Aerospace. There aren't that many who disagree with us," added Amouyal, who declined to name the other investment firms that backed TCI's position. TCI says that Safran is paying too much for Zodiac, and says minority shareholders should have more information on the deal and more room to express their views on it.

  • Reuters - UK Focus9 months ago

    Zodiac Aerospace rockets after Safran bid, European shares retreat

    European stocks dipped on Thursday, though Zodiac Aerospace's shares surged after a takeover offer by France's Safran and Moneysupermarket.com also jumped after it reported strong results. Zodiac Aerospace ...

  • France's Safran in bid for Zodiac Aerospace
    AFP9 months ago

    France's Safran in bid for Zodiac Aerospace

    A merger between French giant Safran and Zodiac Aerospace would establish the world's second largest supplier of aircraft equipment

  • Reuters - UK Focuslast year

    European shares rise, boosted by U.S. merger moves

    European shares rose on Monday, buoyed by Zodiac Aerospace and by media firms, which benefited from readacross from merger moves in the United States. The STOXX 600 was up 0.7 percent at 346.52, having ...

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