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Zodiac rejects potential cooperation/merger offer from Safran: Suppliers Share Wrap

Analysis

France-based Zodiac Aerospace, the largest manufacturer of aircraft seats in Europe, has knocked back an approach by Safran Group to combine their businesses. With a market value of EUR2.2 billion, the company has been a target of merger speculation, typically with Thales or Safran, both of which are partially owned by the French State.

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