Safran, an international high-technology group and tier-1 supplier of engines, systems and equipment in its core markets of Aerospace, Defense and Security, and Zodiac Aerospace, a global leader in Aerosafety, Aircraft systems, Seats and Cabins, announced that they have entered into exclusive negotiations for an acquisition of Zodiac Aerospace by Safran through an agreed public offer of €29.47 per share and a subsequent merger on the basis of 0.485 Safran shares for one Zodiac Aerospace share.
Prior to and conditional upon the merger, Safran would distribute a special dividend of €5.50 per share to its existing shareholders.
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