PE firm Lone Star's $1.01 billion offer for UK's Senior rejected

© Reuters.

(Reuters) – Aircraft parts supplier Senior Plc (LON:) rejected a 738 million pounds ($1.05 billion) takeover proposal from private equity firm Lone Star Global, an investment vehicle advised by Lone Star said on Friday.

The investment vehicle, LSF XI Investments, said it had made a third proposal of 176 pence per share on May 20.

($1 = 0.7062 pounds)

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