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Zodiac Aerospace rejects offer from Safran

12-Jul-2010 10:46 AM

Zodiac Aerospace announced (11-Jul-2010) it has rejected a takeover approach made by Safran, proposing an industrial combination of the groups. Zodiac received a letter from Safran proposing a share offer without a specific price. [more]

Zodiac: “Zodiac isn’t looking for a partner and has a good outlook as a stand-alone company,” Oliver Zarrouati, CEO. Source: Bloomberg, 11-Jul-2010.