Arcline Enters Battle for UK Aerospace Supplier Senior

Arcline Investment Management has made a takeover approach for Senior Plc, setting up a three-way tussle for control of the British aerospace supplier.

The US investment firm made a non-binding all-cash offer for London-listed Senior on Feb. 21, according to a statement Thursday that confirmed a Bloomberg News report.

Arcline joins Adventand a consortium of Blackstone Inc. and Tinicumin emerging as a suitor for Senior, a parts maker for aviation and aerospace juggernauts Airbus SE and Boeing Co.

Senior has a market value of about £1.3 billion ($1.7 billion). Arcline has more than $20 billion in ...