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Spitfire parts maker Signature Aviation agrees £3.5bn takeover by consortium


Signature Aviation, which provided parts for the Spitfire and Hurricane aircraft during Second World War when it was a manufacturer, has agreed to a takeover by a consortium that includes Bill Gates investment firm.
Private equity giant Blackstone and Edinburgh Airport owner Global Infrastructure Partners (GIP) have joined forces with Cascade Investments to take the London-based aviation services firm private in a $4.7billion (£3.5billion) deal.
Investors are being offered 411p per share, which is 53 per cent higher than Signature s share price on December 16, the day before it confirmed that it was in discussions with Blackstone and GIP over a possible acquisition. ....

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