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Safran confirms talks to buy Zodiac Aerospace continue
April 28, 2017 / 8:03 AM / in 6 months

Safran confirms talks to buy Zodiac Aerospace continue

PARIS, April 28 (Reuters) - Safran said on Friday its talks to buy Zodiac Aerospace were continuing after the French company issued a new profit warning.

“We confirm that the discussions continue,” a spokeswoman for Safran said.

Reporting a first-half loss and lower full-year forecasts earlier on Friday, Zodiac Aerospace said it hoped to conclude the $9 billion merger deal with Safran but that it was also studying an alternative. (Reporting by Cyril Altmeyer, Tim Hepher, Editing by Dominique Vidalon)

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