Rival bidders Blackstone Group Inc. and Global Infrastructure Partners joined together to buy Signature Aviation Plc for $4.7 billion, resolving their tussle over the world’s biggest operator of private-jet bases.
Blackstone, Bill Gates weigh US$4.3 billion Signature Aviation bid
Anthony Palazzo and Christopher Jasper, Bloomberg News
Bill Gates on COVID vaccine, climate change, and the future of electric vehicles VIDEO SIGN OUT
Bill Gates joined the battle for Signature Aviation Plc, allying with Blackstone Group Inc.âs US$4.3 billion approach for the worldâs biggest operator of private jet bases.
Gatesâs Cascade Investment LLC, the No. 1 shareholder in Signature Aviation, and Blackstone are in advanced discussions with the London-based firm on a US$5.17-a-share cash offer, they said Friday in a statement. Signature had said in December it would accept an approach from Blackstone if a firm offer were made at that level.
Blackstone, Bill Gates Weigh $4.3B Signature Aviation Bid
Related Stories
March 22, 2021
March 18, 2021
March 15, 2021
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