- December 21, 2020, 12:09 PM
Signature Aviation and its Signature Flight Support FBO chain, which operates more than 200 locations globally, could be acquired by private-equity firm Blackstone Infrastructure Advisors and Blackstone Core Equity Management Associates. (Photo: Signature Aviation)
UK-based Signature Aviation the parent company of Signature Flight Support, which operates the world’s largest FBO network could soon be sold to private-equity firm Blackstone Infrastructure Advisors and Blackstone Core Equity Management Associates for approximately $4 billion, according to a statement released today by Signature. Blackstone has more than $580 billion in assets under management.
This latest overture, the sixth from Blackstone to Signature since February, equates to a possible cash offer of $5.17 per share. According to a note issued today to its investors in response to recent share increases as word of the offer leaked, Signature stated, “Having considered the terms
21 December 2020 | 12:01pm
StockMarketWire.com - The FTSE 100 saw deepening losses by lunchtime on Monday as a growing number of countries closed their doors to the UK amid concern over a new, potentially more infectious, strain of coronavirus in the country.
At midday the index was down 2.3% at 6,378.01, with retailers and travel and leisure sectors particularly badly hit.
Sterling was also sharply lower as investors weighed the latest Covid developments and the continuing limbo in Brexit talks. US futures also pointed to a lower open on Wall Street.
NatWest, formerly known as Royal Bank of Scotland, slumped 4% to 151p after it agreed to acquire a £3.0 billion portfolio of prime UK mortgages from challenger lender Metro Bank for £3.1 billion.