SIG.L Share News (SIG)

SIG.L Information

There is currently no data for SIG

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

More News

9 Sep 2009 14:22

London afternoon: Market in holiday mood

Footsie made an assault on the 5,000 level over the lunchtime session but fell short, as investors took note of expectations of a flat start on Wall Street. With mergers and acquisition activity back on the agenda British Airways is in demand on hopes of a swift conclusion to its team-up with Spani

9 Sep 2009 13:09

Low diamond price helps Signet sparkle

Lower diamond prices and cost-cutting measures to fight off the downturn helped jewellery retailer Signet post a rise in profits in the quarter to August 1. The firm, which operates Ernest Jones and H Samuel in the UK and Kay and Jared in the US, posted a pre-tax profit of $38.5m, compared with $30

8 Sep 2009 13:56

London afternoon: Holiday stocks take flight

After opening brightly London's leading shares have been treading water since the middle of the morning. Kazakhmys, Antofagasta, Rio Tinto, Xstrata and Vedanta Resources lead the mining sector higher, as metal prices improve. Gold miner Randgold Resources is wanted after the price of gold bullio

8 Sep 2009 11:56

London midday: Gold shines to push Footsie higher

Gold pushing through the $1,000 per ounce mark has helped Footsie post decent gains in the morning session with miners generally in demand again. Kazakhmys, Antofagasta, Rio Tinto, Anglo American, Xstrata, Randgold Resources and Vedanta Resources lead the mining sector higher. It is third time that

8 Sep 2009 08:40

London open: Footsie still on the rise

London's blue chips are on the rise again this morning ahead of Wall Street's return following Monday's public holiday. Kingfisher is going well after it mistakenly circulated some draft figures on Monday afternoon. That has foreced the DIY retailer to admit this morning that adjusted pre-tax profi

20 Aug 2009 14:31

FTSE 250 movers: SIG climbs despite profit fall

SIG is one of the top risers even after the building products group posted a sharp fall in profits as weakness in the construction market persisted into the first half of 2009. On the positive side, the firm said the new build housing segment had shown some modest signs of stabilising. Wellstream,

10 Jul 2009 07:25

Weak construction market hits SIG

Building products supplier SIG saw a 10% fall in sales in the half year to June 30 as it continued to feel the impact of the depressed construction market. In the second half of June sales were stable 'without exhibiting the level of seasonal pickup in activity which typically manifests itself from

23 Jun 2009 15:36

Ryanair chairman offloads shares

Ryanair's chairman David Bonderman has sold more than €1m worth of shares in the company. He offloaded 300,000 shares at €3.35 a time. Ryanair said that this amounts to about 0.02% of the company and that Bonderman now has about 0.93%. News of the share sale comes on the same day Ryanair said it

Latest Share Chat

SIG.L Share News (SIG)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Signature Aviation Talks For GBP3 Billion Blackstone Offer

Login to your account

Quickpicks are a member only feature

Login to your account