|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||22.05 - 22.06|
|52-week range||10.47 - 23.71|
|Beta (5Y monthly)||1.47|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The company, which also provides fuelling and technical support services for airlines, said underlying core profit for the 12 months ended Dec. 31 fell to $400.4 million from $607.6 million a year earlier. Total annual revenue fell 37.5% to $1.92 billion.
The investor is joining forces with GIP, which had previously won a takeover battle for the aviation service provider.
A bidding war for Signature Aviation took a new twist on Friday as former Gatwick owner GIP joined forces with Blackstone and Bill Gates' investment vehicle on an offer valuing the private jet services firm at $4.73 billion. Signature said it was recommending the new proposal and had withdrawn its support for a previous offer by GIP, which last month raised its bid to $5.50 per share. This topped a $5.17 joint offer last month by Blackstone and Signature's top shareholder, Cascade.