March 5 (Reuters) - British aerospace supplier Senior said on Thursday Arcline Investment Management has made a preliminary all-cash offer for the company, as talks with other potential buyers
Arcline Joins Bidders for UK Aerospace Supplier Senior Amid Ongoing Talks
Arcline Investment Management's Bid and Ongoing Acquisition Talks
March 5 (Reuters) - British aerospace supplier Senior said on Thursday Arcline Investment Management has made a preliminary all-cash offer for the company, as talks with other potential buyers continue.
Background on Senior and Previous Bids
The aero parts supplier to Boeing and Airbus in February disclosed that it had received five proposals, of which two bidders, Advent and Tinicum-Blackstone, were known.
Details of the Bids and Market Value
Senior and the bidders have not yet disclosed the value of the bids. The company had a market value of about 1.26 billion pounds ($1.68 billion), as of Wednesday's close.
Media Coverage and Recent Developments
Bloomberg News first reported on the private equity firm's interest on Wednesday, a day after a consortium including Tinicum and Blackstone announced their interest to acquire Senior.
Additional Information
($1 = 0.7502 pounds)
(Reporting by Prerna Bedi and Yamini Kalia in Bengaluru; Editing by Sumana Nandy and Subhranshu Sahu)
