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IN BRIEF: Signature Aviation Talks For GBP3 Billion Blackstone Offer

Thu, 17th Dec 2020 14:21

Signature Aviation PLC - London-based aviation services - Noting rise in its share price, confirms it is in talks with Blackstone Infrastructure Advisors LLC and Blackstone Core Equity Management Associates LLC for a possible cash takeover offer of USD5.17 per share, about GBP3.83. This is a 42% premium to Signature's closing price on Wednesday of 269.20 pence and would value the entire FTSE 250 company at GBP3.17 billion. Says it has also received an indicative proposal from Global Infrastructure Partners for a takeover but rejected this on Thursday as it was lower than Blackstone's offer. Says there is no certainty that a formal offer will be made by Blackstone, and it will make a further announcement when appropriate.

Current stock price: 373.20p, up 39% Thursday

Year-to-date change: up 18%

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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19 Feb 2014 13:59

Signet Jewelers acquires Zale Corp.

Signet Jewelers, the largest speciality retail jeweller in the US and the UK, has signed a 'transformational' deal to acquire Zale Corp. for 21 dollars a share in cash. Signet is purchasing the North American firm to further diversify its businesses and extend its international footprint, which it

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19 Feb 2014 12:42

Signet Jewelers To Acquire US-Based Zale Corp For USD1.4 Billion

LONDON (Alliance News) - Signet Jewelers Ltd Wednesday said it will buy US-based specialty fine jewellery retailer Zale Corp for USD21.00 a share in cash, valuing the company at about USD1.4 billion, a major deal that will significantly boost its revenues and profits. The specialty jeweller

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13 Jan 2014 09:04

Monday broker round-up UPDATE

Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin

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26 Nov 2013 13:59

Signet Jewelers Sees Rising Sales In Third Quarter Driven By Kay Stores

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25 Nov 2013 14:54

DIRECTOR DEALINGS: Signet Jewelers Independent Directors Acquire Shares

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29 Oct 2013 17:32

DIRECTOR DEALINGS: Signet Jewelers Director Sells Shares

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9 Oct 2013 16:41

DIRECTOR DEALINGS: Signet Jewellers US Chief Operating Officer Buys Shares

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8 Oct 2013 11:39

Tuesday broker round-up UPDATE

Aviva: Alphavalue shifts target price from 366.70p to 366.20p downgrading from reduce to sell. Barclays: Credit Suisse reinitiates with a target price of 280p and a neutral recommendation. BHP Billiton: Alphavalue reduces target price from 1972.70p to 1732p downgrading from add to reduce. Chesnar

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3 Sep 2013 11:13

Tuesday broker round-up

ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta

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30 Aug 2013 09:27

Friday broker round-up UPDATE

Antofagasta: Morgan Stanley cuts target price from 830p to 810p and maintains an underweight rating. ARM Holdings: Deutsche Bank raises target price from 470p to 1080p upgrading to buy. Aviva: Barcalys increases target price from 294.50p to 320p, while its underweight rating remains unaltered. Bw

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22 Jul 2013 16:38

Pressure Technologies director raises his stake

It looks like Nigel Luckett, a Non-Executive Director at Pressure Technologies, chose an expensive time to top up his stake as the stock hit a 52-week high on Monday. Luckett, a former partner of KPMG, bought 18,000 shares at a price of 217.5p each, spending a total of £39,150. He now holds 70,000

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5 Jul 2013 08:09

Friday broker round-up UPDATE

African Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re

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20 Jun 2013 15:35

Signet CFO sells amid share-price strength

Signet Jewelers, the largest speciality retail jewellery in the US and UK, saw its Chief Financial Officer (CFO) offload part of his stake this week following an impressive share-price rise so far this yar. Ronald Ristau, who became CFO of the dual-listed company in June 2010, sold 6,135 shares at

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31 May 2013 07:30

Friday broker round-up UPDATE

AstraZeneca: Citi increases target price from 3000p to 3500p, while leaving its neutral rating unchanged. Burberry: Morgan Stanley ups target price from 1300p to 1400p and leaves its equal-weight rating unchanged. Genel Energy: Credit Suisse shifts target price from 1236p to 1246p keeping an outpe

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24 May 2013 08:00

Friday broker round-up UPDATE

Aveva: Panmure Gordon ups target price from 2076p to to 2091p keeping a hold recommendation. Investec takes target price from 2450p to 2500p and retains its buy recommendation. Credit Suisse increases target price from 2013p to 2240p, while staying with its neutral rating. Barratt Developments: Lib

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