SPY380.36-1.97 -0.52%
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IXIC13,192.35+72.96 0.56%

DJ More Signature Aviation Bids May Come Despite It Agreeing to Carlyle Offer -- Market Talk

· 02/05/2021 05:39

1039 GMT - Although Signature Aviation has reached an agreement in terms of a recommended cash offer valuing the company at GBP3.5 billion, other parties may yet make a higher offer, Peel Hunt says. The aviation support-services company confirmed on Jan. 8 that it had received an approach from Carlyle Investment Management regarding a possible offer, although no proposal had been received, the U.K. brokerage says. "We await with interest to see whether Carlyle or any other interested party make a higher offer," the brokerage says. Peel Hunt has an add rating on the stock and raises the target price to 411 pence, from 405 pence, to reflect the recommended offer. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

February 05, 2021 05:39 ET (10:39 GMT)

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