Oct 23 (Reuters) – Canadian plane restore and overhaul providers supplier Refrain Aviation CHR.TO mentioned on Friday it had obtained a non-binding acquisition proposal from a 3rd social gathering.
Dartmouth-based Refrain, nevertheless, mentioned there could be no assurance that any transaction will happen.
Shares of Refrain, which has a market worth of about C$383 million ($292 million), rose almost 7% earlier than being halted.
(Reporting by Arundhati Sarkar in Bengaluru; Enhancing by Maju Samuel)
((Arundhati.Sarkar@thomsonreuters.com; twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776;))
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