Private equity firm Arcline Investment Management said on Wednesday that it does not intend to make an offer for engineer Senior.
Source: Sharecast
Senior, which supplies the aerospace industry, announced last month that Arcline had made a preliminary all-cash offer for the company amid ongoing talks with other potential buyers.
The aero parts supplier said in February that it had received five takeover proposals, with Advent and Tinicum-Blackstone among the suitors.
At 0910 BST, Senior shares were up 0.6% at 287.80p.
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