Safran and Zodiac Aerospace announce new terms for business combination

Safran and Zodiac Aerospace announced a new Business Combination Agreement on May 24, 2017, with a tender offer by Safran for Zodiac Aerospace's shares at €25 per share, replacing the previously agreed structure from January 19, 2017.

“Safran and Zodiac Aerospace announced today that they have withdrawn the previously agreed transaction structure announced on January 19, 2017 and have entered into a Business Combination Agreement under the below new terms.”safran-group.com

• 2 sources
• safran-group.comSafran and Zodiac Aerospace announce new terms for the contemplated business combination transaction | SafranMay 24, 2017
• reuters.comZodiac accepts reduced Safran offer after profit warningsTim HepherMay 24, 2017

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