(Reuters) Activist hedge fund TCI Fund Management on Wednesday said Zodiac Aerospace shares were now worth 7-10 euros each ($10.92), after the French firm last Friday posted a first-half loss. TCI is campaigning to pressure Zodiac suitor Safran to drop its bid to buy the firm and had previously valued it at 10 euros a share in a presentation on March 24. The hedge fund manager said in a presentation shared with Reuters on Wednesday that an offer above 10 euros “results in value destruction”.
Activist Hedge Fund TCI Says Zodiac Shares Now Worth Even Less
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