Zodiac Rejects Safran Merger Overture

By Michael A. Taverna mike_taverna@aviationweek.com
PARIS

Zodiac has flatly rejected a preliminary merger offer from Safran, forcing the French-based aero-engine and aircraft equipment maker to look elsewhere for external growth.

Safran confirmed on Sunday that CEO Jean-Paul Herteman had addressed a letter to the cabin/safety equipment and electrical system specialist proposing that the two firms examine the merits of bringing their activities together ...

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