Senior Raises Outlook, Sees Medium-Term Targets Hit Early Amid Takeover
BX sits 26% above its 52-week low of $101.73.
Summary
UK aerospace supplier Senior, being acquired by a Blackstone-led consortium for £1.4B, now expects to hit medium-term margin targets ahead of plan after a strong first half. Adjusted pre-tax profit jumped 38% to £34.8M, driven by resilient aerospace demand and better-than-expected Flexonics performance. The company confirmed full-year results should meet upgraded July guidance. The takeover is on track to close by end-2026. For Blackstone, the improved performance de-risks the deal and suggests the target is executing well during the pre-close period.
At the time of this announcement, BX was trading at $127.99 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: Reuters.