Senior Plc, the British aerospace component manufacturer, has received a non-binding cash offer from a consortium led by private investment major Blackstone, with Tinicum Inc as a partner, the company confirmed on Tuesday, according to a report by Bloomberg.
The bid, first submitted on 20 February, follows a surge in Senior’s shares after it disclosed ongoing discussions with potential buyers. The company, valued at roughly £1.2bn ($1.6bn), said talks with the Blackstone consortium and other int...
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