Blackstone, Bill Gates Weigh $4.3B Signature Aviation Bid
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Signature Aviation Plc, allying with
Blackstone Group Inc.’s $4.3 billion approach for the world’s biggest operator of private jet bases.
Gates’s
Cascade Investment LLC, the No. 1 shareholder in Signature Aviation, and Blackstone are in advanced discussions with the London-based firm on a $5.17-a-share cash offer, they said in a statement. Signature had said in December it would accept an approach from Blackstone if a firm offer were made at that level.
The involvement of Gates means Blackstone becomes the firm favorite to purchase Signature after