SPY391.77+4.27 1.10%
DIA319.53+4.14 1.31%
IXIC13,597.97+132.77 0.99%

BRIEF-Former Gatwick Owner Joins Blackstone, Cascade For Signature Aviation Bid

· 02/05/2021 02:36
BRIEF-Former Gatwick Owner Joins Blackstone, Cascade For Signature Aviation Bid

- Signature Aviation PLC SIGSI.L:

  • GLOBAL INFRA PARTNRS SIGNATURE AVIATION BLACKSTONE - RECOMMENDED CASH OFFER FOR SIGNATURE AVIATION PLC

  • GLOBAL INFRASTRUCTURE PARTNERS - UNDER TERMS OF ACQUISITION, EACH SCHEME SHAREHOLDER WILL BE ENTITLED TO RECEIVE: FOR EACH SCHEME SHARE: $5.62 IN CASH

  • GIP - SIGNATURE SHARES OWNED OR CONTROLLED BY CASCADE & BMGFT WILL NOT BE SCHEME SHARES AND WILL NOT BE ACQUIRED BY BIDCO PURSUANT TO ACQUISITION

  • GIP - COOPERATION AGREEMENT BETWEEN GIP IV HANCOCK BIDCO AND SIGNATURE IN RESPECT OF GIP OFFER IS TERMINATED WITH EFFECT FROM WITHDRAWAL OF GIP OFFER

  • GIP - SIGNATURE DIRECTORS, WHO HAVE BEEN SO ADVISED BY J.P. MORGAN CAZENOVE AND JEFFERIES, CONSIDER TERMS OF CASH OFFER TO BE FAIR AND REASONABLE

Source text for Eikon: ID:nRSE1320Oa

Further company coverage: SIGSI.L


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