Blackstone Acquisition Target Senior Plc Raises Annual Performance Forecast
BX sits 19% above its 52-week low of $101.73.
Summary
British aerospace supplier Senior Plc, which is being acquired by a consortium including Blackstone, has raised its full-year performance forecast above prior estimates. This positive update for the £1.4 billion ($1.87 billion) acquisition target indicates stronger-than-expected performance, benefiting Blackstone's investment. Senior cited continued positive momentum in its aerospace and land/defense divisions, partly driven by increased commercial aircraft production from customers like Boeing. Investors will watch for Senior's half-year results on August 3, 2026.
At the time of this announcement, BX was trading at $120.70 on NYSE in the Finance sector, with a market capitalization of approximately $147.7B. The 52-week trading range was $101.73 to $190.09. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.