An investment fund that used to own London's Gatwick Airport has struck a $4.63 billion deal to buy Bill Gates-backed private jet services firm Signature Aviation, trumping rival suitors private equity giants Blackstone and Carlyle.
The Madrid Barajas airport is operating with two runways after the snow that fell during the weekend was cleared and is gradually getting back to normal, Transport Minister Jose Luis Abalos told reporters on Monday.
England will remove Uruguay, Namibia and the U.S. Virgin Islands from its safe travel corridor list meaning arriving passengers will have to self-isolate from this weekend, British transport minister Grant Shapps said on Thursday.
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(Reuters) - Blackstone won over Signature Aviation’s biggest shareholder Bill Gates for a possible $4.3 billion bid for the British private jet servicing company, going head-to-head with another potential suitor Carlyle.
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid
Blackstone’s agreement with Gates’ Cascade Investment Llc for its planned offer announced on Friday comes just hours after Signature confirmed an initial takeover approach from Carlyle.
Blackstone and Cascade, which already owns a 19% stake in London-based Signature, are in advanced talks with the company about their proposal that involves a cash offer of 3.81 pounds per share, they said in a joint statement.