By Graham Dunn2020-12-17T19:31:00+00:00
Signature Aviation is in talks with private equity firm Blackstone over a possible cash offer for the private aviation company, after Signature rejected a rival approach from Global Infrastructure Partners (GIP).
In a brief statement issued to the London Stock Exchange today, following a sharp jump in Signature’s share price, the company says the discussions relate to a cash offer of $5.17 (£3.83 ) per share. Signature’s share price closed today at £3.75, having opened the day at £2.61.
Source: Signature Flight Support
Discussions are under way with Blackstone Infrastructure Advisors and Blackstone Core Equity Management Asssociates over the possible offer for the aviation services company.