GIP lands Signature aviation in $4 36bn deal ifamagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifamagazine.com Daily Mail and Mail on Sunday newspapers.
Some bid battles are trickier than others to get off the ground. Take the so-called dogfight for Signature Aviation, the operator of 370 private jet bases around the world, 85 per cent of them in the
Blackstone, Bill Gates weigh US$4.3 billion Signature Aviation bid
Anthony Palazzo and Christopher Jasper, Bloomberg News
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Bill Gates joined the battle for Signature Aviation Plc, allying with Blackstone Group Inc.âs US$4.3 billion approach for the worldâs biggest operator of private jet bases.
Gatesâs Cascade Investment LLC, the No. 1 shareholder in Signature Aviation, and Blackstone are in advanced discussions with the London-based firm on a US$5.17-a-share cash offer, they said Friday in a statement. Signature had said in December it would accept an approach from Blackstone if a firm offer were made at that level.
TORONTO, ON / ACCESSWIRE / January 8, 2021 / Woori BMO Group has today commented on Bill Gates' Cascade Investment LLC, the majority shareholder in Signature Aviation, and Blackstone as both firms reach
Bill Gates Family Office and Blackstone Could End up Getting Signature Aviation
Posted on 01/08/2021
Cascade Investment, L.L.C. (Bill and Melinda Gates Investments (BMGI)), and The Blackstone Group are in talks in making a joint £3.5 billion offer for Signature Aviation plc, a London-listed private jet services provider. Signature Aviation received an indication of interest from The Carlyle Group as well. A lower bid from Global Infrastructure Partners was rejected earlier. Cascade Investment is the largest shareholder in Signature Aviation.
Signature Aviation was previously known as BBA Aviation.
Keywords: Blackstone Group LP.
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