HALISTER: Safran Bids EU29.47/Share Agreed Bid for Zodiac Aerospace

Safran Bids EU29.47/Share Agreed Bid for Zodiac Aerospace

(Bloomberg) -- Safran holders will get special dividend of EU5.50 a share as part of the deal.
  • Safran sees EU200m annual synergies which will accelerate in the long term
  • Double-digit lift to EPS in year one
  • Safran to use cash, proceeds from sale of Identity & Security unit, EU4b bridge loan
  • Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SAF FP (Safran SA)
ZC FP (Zodiac Aerospace)

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