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French aero engine maker Safran launched an agreed $9 billion bid for seats manufacturer Zodiac Aerospace to create the world's third-largest aerospace supplier. The deal includes a cash offer of 29.47 euros per share, a 26% premium, with controlling family shareholders folding their shares into a subsequent merger.
“French aero engine maker Safran on Thursday launched a US$9 billion agreed bid for seats manufacturer Zodiac Aerospace to create the world's third-largest aerospace supplier as the industry bulks up to tackle record high output plans.”theedgemalaysia.com
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