Searchlight, an investment company, made a $414m bid to acquire Latecoere, a French aeronautics company. Searchlight, which already owns 26% of Latecoere’s share capital, made an offer of €3.85 per share, marking a premium of 34% to Latecoere’s closing price. “The board of directors of the company will issue its reasoned opinion after the issuance of the report of the independent expert and the opinion of the employees’ representative bodies,” Latecoere.