Lawyers Question TCI’s Ability to Block Safran-Zodiac Merger

With additional reporting by Valeria Camerino

Hedge fund operator TCI Fund Management said it is going to fight against Safran’s agreed bid for aircraft equipment manufacturer Zodiac Aerospace. Legal advisers following the situation say this might not be easy as it is not compulsory for Safran to call a general meeting before launching a takeover offer for Zodiac under French law.

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Rachel Rigby

Rachel Rigby

Rachel spent 12 years at Mergermarket, most recently as head of special coverage. Her role included liaising with European CEOs and reporting for dealReporter. Rachel’s various interests lie in the travel, media, clean energy, and healthcare sectors. As a journalist, she specializes in covering large private equity transactions and M&A. Rachel has worked on numerous high profile deals, including the Kraft takeover of Cadbury, the British Airways merger with Iberia, and the Newscorp stake in BSKYB. She has written articles for Sunday Business, Breaking Views, Media Week, Financial News, and appeared on CNBC. Rachel holds a liberal arts degree in European History from Smith College, Massachusetts.

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