Senior Receives Improved $1.2 Billion Final Lone Star Offer

Senior Plc, a U.K. supplier of aerospace parts to Boeing Co. and Rolls-Royce Holdings Plc, received an improved possible cash offer from Lone Star Funds of 200 pence a share.

The bid is Lone Star’s fifth and final proposal, the private equity firm said in a statement on Monday. It values Senior at 838.8 million pounds ($1.2 billion) and represents a premium of about 32% to Friday’s closing share price, according to Bloomberg calculations.

Senior rejected the previous offer of 185 pence a share earlier this month, Lone Star said, adding the move is subject to due diligence. The ...