Senior H1 Profit Jumps 38%, Blackstone-Led Takeover Nears Final Approvals
BX sits 26% above its 52-week low of $101.73.
Summary
Senior plc, being acquired by a Blackstone-Tinicum consortium for £1.275B, reported H1 adjusted pre-tax profit up 38% to £34.8M on revenue of £390.8M. The deal has secured 10 of 12 required regulatory approvals and is now expected to close by end of 2026. The strong operational performance, driven by Aerospace and Flexonics divisions, supports the full-year outlook raised in July. For Blackstone, the progress toward closing a sizeable industrial acquisition adds to a series of recent large-scale investments, including a $35B AI infrastructure fund and a $16B oil pipeline deal. The remaining two regulatory approvals are the key near-term milestone.
At the time of this announcement, BX was trading at $127.90 on NYSE in the Finance sector, with a market capitalization of approximately $158.9B. 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: dpa-AFX.