Brief: PPLocal private shareholder lobby group says will oppose Safran/Zodiac deal

Solocal SE

16/03/2017 07:58

March 16 (Reuters) - Safran  SAF.PA /Zodiac  ZODC.PA : 
     
    * PPLocal is lobby group that acted on behalf of Solocal 
 LOCAL.PA  shareholders and it says in statement that it will 
also look to oppose Safran/Zodiac deal on behalf of private 
shareholders 
    * Safran's planned $9 billion takeover of Zodiac has come 
under pressure after Zodiac issued a new profit warning this 
week  urn:newsml:reuters.com:*:nL5N1GS3JC 
    * Hedge fund TCI has also renewed its calls for the deal to 
be scrapped 
      
Further company coverage:  SAF.PA  
 
 ((sudip.kargupta@thomsonreuters.com;))