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SATS (OTC:SPASF) Trading Down 14 3%

SATS Ltd. (OTC:SPASF – Get Rating)’s stock price fell 14.3% on Tuesday . The stock traded as low as 1.79 and last traded at 1.79. 2,900 shares were traded during trading, an increase of 61% from the average session volume of 1,800 shares. The stock had previously closed at 2.09. SATS Stock Performance The company […]

Airport handling services market: Driven by growing demand for outsourced ground handling services

Global In-flight Catering Services Market Size To Grow USD

Smart Reads of the Week: SATS Major Acquisition, Strong REITs and Singapore Banks

Smart Reads of the Week: SATS Major Acquisition, Strong REITs and Singapore Banks
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Singapore s SATS to buy Cerberus s WFS in $2 1B deal

SATS Ltd., a catering and gateway services provider, has agreed to acquire air cargo handler Worldwide Flight Services at an enterprise value of €2.25 billion ($2.1 billion). The Singapore-listed firm will pay about €1.2 billion in cash for WFS, according to a statement on Wednesday. SATS last week confirmed it’s in ongoing discussions with Cerberus Capital Management

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