Safran, Zodiac Aerospace acquisition talks ongoing
Safran said on Friday its talks to buy Zodiac Aerospace were continuing after the French company issued a new profit warning.
April 28, 2017 By Reuters
“We confirm that the discussions continue,” a spokeswoman for Safran said.
Reporting a first-half loss and lower full-year forecasts earlier on Friday, Zodiac Aerospace said it hoped to conclude the $9 billion merger deal with Safran but that it was also studying an alternative.