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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Blackstone Inc | NYSE:BX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.87 | -0.71% | 122.49 | 123.39 | 122.01 | 122.91 | 2,962,481 | 21:28:03 |
From Apr 2019 to Apr 2024
By Adria Calatayud
Global Infrastructure Partners said Tuesday that it has made an approach to Signature Aviation PLC regarding an offer, and that it is continuing to explore all of its options.
Under U.K. takeover rules, GIP must by Jan. 14 either announce a firm intention to make an offer for U.K. aviation-support-services company Signature or walk away.
GIP, an infrastructure fund manager, said it had made its approach before Signature disclosed on Dec. 17 that it was in talks with Blackstone Infrastructure Advisors LLC and Blackstone Core Equity Management Associates LLC over a possible 3.17 billion-pound ($4.27 billion) takeover.
There can be no certainty that any firm offer will be made, GIP said.
On Monday, Signature said its board would be minded to recommend a firm offer for the company at the price set out in the Blackstone proposal.
Shares in Signature at 1451 GMT were up 4.1% at 388.30 pence.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
December 22, 2020 10:12 ET (15:12 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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