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Zodiac’s Woes Cause €1 Billion Drop In Safran Deal
May 24, 2017
LYON, France—The discovery by aspiring acquirer Safran of deeper problems at cabin equipment and aircraft system manufacturer Zodiac Aerospace on May 24 today translated into “new terms” for the contemplated takeover—essentially a €1 billion ($1.1 billion) drop in the value of the deal. The...
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