Source denies report Safran preparing Zodiac bid

June 15, 2016 3:16 PM

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PARIS, June 15 A French financial publication reported on Wednesday that French aerospace group Safran was preparing a bid for Zodiac Aerospace, but a source familiar with the matter denied the report.

Shares in Zodiac Aerospace rose sharply in late afternoon trading after Lettre de l'Expansion issued an email alert saying Safran was "preparing to launch an offer for the Zodiac group".

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