French aerospace firm Safran has cut its offer for seating and cabin interior manufacturer Zodiac Aerospace to €25 ($28) per share, down from an earlier price of €29.47. “Safran and Zodiac Aerospace announced … that they have withdrawn the previously agreed transaction structure announced on Jan. 19, 2017 and have entered into a business combination agreement,” the companies said, announcing the new terms May 24. Under the revised agreement and financial terms, ...

Subscribe to Access this Entire Article

"Safran reduces offer for Zodiac Aerospace" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.