SAFRAN OPTS AGAINST BUYING ZODIAC

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By admin November 22, 2010 20:48

SAFRAN OPTS AGAINST BUYING ZODIAC

Share in aircraft seat manufacturer took a tumble after engine manufacturer Safran announced it decided not to make an offer to buy the company.

Share in Zodiac fell 6.3% to €48.62, while shares in Safran rose 4.4% to €23.63.

“Following several contacts and under current circumstances, the conditions for a friendly combination are not met,” Safran said in a statement.

admin
By admin November 22, 2010 20:48
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