French aerospace firm Safran has cut its offer for seating and cabin interior manufacturer Zodiac Aerospace to €25 ($28) per share, down from an earlier price of €29.47. “Safran and Zodiac Aerospace announced … that they have withdrawn the previously agreed transaction structure announced on Jan. 19, 2017 and have entered into a business combination agreement,” the companies said, announcing the new terms May 24. Under the revised agreement and financial terms, ...

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