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Latecoere to examine Searchlight’s $414 mln bid offer Sudip Kar-Gupta

(Reuters) – French aeronautics company Latecoere (LAEP.PA) said it would examine a 365 million euros ($414 million) takeover offer from investment firm Searchlight Capital. Searchlight, which already owns 26% of Latecoere’s share capital, made an offer of 3.85 euros per share on June 28, marking a premium of 34% to Latecoere’s closing price on Friday. Latecoere shares rose 32% to 3.79 euros in early trading on Monday, just below Searchlight’s offer price.

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