Total Pageviews

Search This Blog

Wednesday, 27 July 2011

Airbus Updates No.369

Airbus to acquire Satair A/S

 
Acquisition of Satair A/S – a leading aviation after-market distributor – will significantly enhance Airbus’ services offering in aircraft material management
Airbus has signed an agreement with the Board of Directors of Satair A/S for the launch of a voluntary conditional tender offer with a cash price of DKK 580 per share of a nominal value of DKK 20
This transaction represents a total consideration of DKK 2,595 million (US$ 504 m) and will be financed through EADS existing cash balances • Satair has undertaken to recommend the offer to its shareholders
subject to and upon publication of the offer document • Satair’s shareholders representing approximately 16% of Satair’s
shares have committed to accept the offer under certain conditions

No comments:

Post a Comment