Blackstone swoops on Senior in £1.3bn aerospace supply chain play
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Blackstone and Tinicum have agreed to acquire aerospace supplier Senior for £1.3bn, marking a significant move in the UK industrial sector. The all-cash offer values Senior at £1.28bn, with shareholders set to receive 300p per share. This deal reflects a 36.6% premium over Senior's six-month average share price. The acquisition aims to combine Senior with AeroFlow Technologies, enhancing capabilities in the aerospace market. The transaction highlights growing interest from overseas buyers in UK firms amid favorable valuations and increased defense spending.
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