Latécoère : Searchlight losing no time - Launch of friendly takeover of Latécoère at € 3.85
>Searchlight has launched a friendly takeover on Latécoère at € 3.85/share - The US investment fund Searchlight on Friday evening expressed its intention to launch a takeover bid on Latécoère at the price of € 3.85/share, i.e. a premium of 34% vs Friday’s closing price, valuing the company at € 365m. Note that, Searchlight already owns around 26% of the capital of the group, bought from the Monarch, Apollo and CVi funds at the same price as that proposed for the takeo...Societe Industrielle d'Aviation Latecoere and its subsidiaries are engaged in the manufacture of parts and equipment for the aeronautic and space industries. Co.'s products are mainly divided into 2 sectors: Airframe Structure and Equipment & Systems. Airframe Structure: manufactures Fuselage and Wing Structure Elements such as tail cones, forward upper shells, side parts, front spar bulkheads, nose sections, passenger doors, flaps; Nacelle Structure Elements such as fan cowls, tail engine fan cowls, translating sleeves, thrust reverser beams. Equipment & Systems: manufactures on-board electric racks, harnesses, landscape video camera system, pilot control panels and battery charge limiters.
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