{"id":394516,"date":"2021-01-11T10:50:57","date_gmt":"2021-01-11T05:20:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=394516"},"modified":"2021-01-11T12:54:27","modified_gmt":"2021-01-11T07:24:27","slug":"blackstone-bill-gates-join-hands-for-signature-aviation-bid-as-carlyle-circles","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/blackstone-bill-gates-join-hands-for-signature-aviation-bid-as-carlyle-circles\/","title":{"rendered":"Blackstone, Bill Gates join hands for Signature Aviation bid as Carlyle circles"},"content":{"rendered":"<p>Blackstone Group Inc on Friday secured the support of Bill Gates, the biggest shareholder in Signature Aviation, bolstering its bid to buy the private-jet servicing company in the face of a rival approach from Carlyle.<\/p>\n<p>Blackstone&#8217;s agreement with Gates&#8217; Cascade Investment Llc for its $4.29 billion offer comes just hours after Signature confirmed Carlyle&#8217;s takeover approach.<\/p>\n<p>Blackstone and Cascade, which owns a near 20% stake in London-based Signature, are in advanced talks with the company about their proposal that involves a cash offer of 3.81 pounds per share, Blackstone said. <\/p>\n<p>Shares in the company formerly known as BBA Aviation fell 5% to 4 pounds on the FTSE 250 midcap index by 0804 GMT, giving up some of their 65% gain in the three weeks since Signature Aviation confirmed talks with Blackstone.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone Group Inc on Friday secured the support of Bill Gates, the biggest shareholder in Signature Aviation, bolstering its bid to buy the private-jet servicing company in the face of a rival approach from Carlyle. Blackstone&#8217;s agreement with Gates&#8217; Cascade Investment Llc for its $4.29 billion offer comes just hours after Signature confirmed Carlyle&#8217;s takeover approach. Blackstone and Cascade, which owns a near 20% stake in London-based Signature, are in advanced talks with the company about their proposal that involves a cash offer of 3.81 pounds per share, Blackstone said. Shares in the company formerly known as BBA Aviation fell [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-394516","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=394516"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/394516\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=394516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=394516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=394516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}