|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||173.41 - 176.47|
|52-week range||120.32 - 180.40|
|Beta (5Y monthly)||1.34|
|PE ratio (TTM)||21.70|
|Forward dividend & yield||1.44 (0.82%)|
|Ex-dividend date||30 May 2023|
|1y target est||N/A|
Italy blocked French group Safran's planned $1.8 billion purchase of the flight control systems arm of Collins Aerospace because it could have threatened supplies to national armed forces, Prime Minister Giorgia Meloni said on Wednesday. Safran said on Monday that Rome had vetoed its acquisition of Microtecnica, Collins Aerospace's Italian subsidiary, using its "golden power" to halt the takeover of what it deems a strategic asset. The decision was taken to avoid "potential" risks "for the readiness of our armed forces" and "potential interruptions of our logistics chain", Meloni said in Berlin after a meeting with German Chancellor Olaf Scholz.
Giorgia Meloni’s government exercises ‘golden power’ over jet engine maker’s purchase of Italian flight controls business
Italy decided to block the takeover by French group Safran of Microtecnica, Collins Aerospace's Italian subsidiary, due to the risk of disruption in supplies to the Italian armed forces, government officials said. The potential disruption stemming from the transaction did not appear to be compatible with the operational needs of the Italian armed forces, the officials from Prime Minister Giorgia Meloni's office told Reuters.