Aerospace firm Latecoere appoints advisory to examine Searchlight's bid

Latecoere SA

17/07/2019 07:47

PARIS, July 17 (Reuters) - Latecoere  LAEP.PA  said it had
appointed financial advisory company Finexsi to study a 365
million euro ($409 million) takeover offer for the French
aerospace company from Searchlight Capital.
    Searchlight, which already owns 26% of Latecoere's share
capital, made an offer of 3.85 euros per share for Latecoere in
late June, in the latest example of activist funds targeting
companies which they feel are underperforming.  urn:newsml:reuters.com:*:nL8N2420L4
    Founded by Pierre-Georges Latecoere in 1917, the company is
a partner to Boeing  BA.N , Airbus  AIR.PA  and Dassault
Aviation  AVMD.PA .
    ($1 = 0.8923 euros)

 (Reporting by Sudip Kar-Gupta; editing by Jason Neely)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))