Safran to buy Zodiac Aerospace in $10 billion deal January 19, 2017 - 17:16 AMT PanARMENIAN.Net - Aircraft-engine company Safran has agreed to buy seat and cabin manufacturer Zodiac Aerospace in a deal worth 9.7 billion euros ($10.3 billion), including debt, The Associated Press reports. The companies, both based in or around Paris, announced Thursday, January 19 the creation of a "new global leader in aerospace." Safran will offer 29.47 euros per share, which is 26.4 percent above Zodiac's closing share price Wednesday. If it gets more than 50 percent of the share capital, it will then merge the rest of the shares on the basis of 0.485 Safran shares for one Zodiac share. Safran shareholders will also receive a special dividend of 5.5 euros per share. The deal, supported by the French state, requires shareholders' approval. French President Francois Hollande said in statement that the deal "will strengthen the French aeronautics industry."  Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
