SATS share price

2022 - 9 - 28

SATS - sats news

Post cover — Image courtesy of "Reuters"

Singapore's SATS buying Worldwide Flight Services for $1.1 bln to ... (Reuters)

Singapore-based ground handling services firm SATS Ltd is acquiring Paris-based Worldwide Flight Services (WFS) for 1.19 billion euros ($1.14 billion) cash, ...

SATS said it had committed funding in place to finance the purchase of WFS through an acquisition bridge facility. It has more than 300 customers and employs 32,300 staff, the company said. SATS said the transaction values WFS at an enterprise value of 2.25 billion euros and it would raise S$1.7 billion in equity to fund the purchase. SATS had told the Singapore bourse that it was in talks to buy WFS but said the Bloomberg report contained "materially inaccurate facts". It said the deal would propel the group to the number one spot in an industry that includes aviation services firm Swissport and global airport and travel services business dnata. [(SATS.SI)](https://www.reuters.com/companies/SATS.SI) is acquiring Paris-based Worldwide Flight Services (WFS) for 1.19 billion euros ($1.14 billion) cash in its largest ever deal, to create the world's biggest global air cargo handler.

Sats shares tumble nearly 23% after $1.64b deal to buy world's ... (The Straits Times)

The combined entity's network will cover trade routes responsible for more than 50 per cent of global air cargo volume. The mainboard-listed company's shares ...

But the market can be short-sighted at times.” Despite the negativity at the moment, many market insiders seem sanguine about the longer term prospects for the company, and said investors will ultimately make a judgement on the merits of the deal and its contribution to the bottom line. “You saw this with Sembcorp Marine, Singapore Airlines and other stocks. That said, this deal is a good one for Sats in the longer term, as it makes the company a formidable global air cargo player. The company will make a rights issue of 609 million new shares at $2.79 per share to raise the bulk of the funds. SINGAPORE - Shares of Sats plunged sharply to a two-year low after the stock resumed trading on Thursday morning, following news of the company’s deal to buy the world’s largest air cargo handler for $1.64 billion.

SATS Ltd. Shares Fall After Acquiring Worldwide Flight Services (MarketWatch)

By Justina Lee SATS Ltd.'s shares fell Thursday morning, following news the company is buying one of the world's largest air-cargo handlers. Shares fell as.

The deal will make SATS the world's largest air-cargo handler, with a combined network covering trade routes for over 50% of global air-cargo volume, the company said in a filing. Trading in SATS shares was halted Wednesday. SATS Ltd.'s shares fell Thursday morning, following news the company is buying one of the world's largest air-cargo handlers.

Analysts mixed on SATS's proposed WFS acquisition; UOB Kay ... (The Edge Singapore)

"Long-term shareholders may stay invested [in SATS] although near-term share price could weaken on macro uncertainty:" CGS-CIMB.

Connection is secure Checking if the site connection is secure Occasionally, you may see this page while the site ensures that the connection is secure.

SATS Plunges 20% on Announcement of Major Acquisition (The Smart Investor)

The food caterer has stunned the market by announcing a major acquisition – that of privately-owned Worldwide Flight Services (WFS) for nearly S$1.64 billion.

[How To Find The Best US Growth Stocks For Your Portfolio](https://thesmartinvestor.com.sg/how-to-find-the-best-us-growth-stocks-for-your-portfolio-art/). There is no shortage of stock ideas today, but is a particular stock suitable for you? [Click HERE](https://thesmartinvestor.com.sg/how-to-find-the-best-us-growth-stocks-for-your-portfolio-art/) to download the report for free now! How do you decide if a growth stock is worth your money? [Telegram](https://t.me/thesmartinvestorsg) for the latest investing news and analyses! [paying out a dividend](https://thesmartinvestor.com.sg/could-sia-and-sats-pay-a-dividend-this-year/). Around a quarter of WFS’ revenue comes from its top five customers, with the bulk (64%) coming from a range of different customers. The group has signalled its intention for an equity fundraising exercise to raise S$1.7 billion, and the plan will assume all of WFS’ debt of around S$1.7 billion. By FY2025 and with the purchase of WFS, Asia will contribute around 45% of revenue, with the Americas making up 30% and EMEA (Europe, Middle East and Africa) taking up the remaining 25%. Prior to the announcement, the group was enjoying a strong recovery with the reopening of borders and the resumption of air travel. [acquisition](https://thesmartinvestor.com.sg/are-mergers-acquisitions-always-good-for-investors/). [improved set of earnings](https://thesmartinvestor.com.sg/sats-swings-into-the-black-5-highlights-from-the-airline-caterers-fy2022-earnings/) for its fiscal 2022 ending 31 March 2022, with core net loss reduced by more than half to S$8.5 million.

Sats' play for cargo handler Worldwide Flight Services wipes S$1b ... (The Business Times)

SHARES of Sats plunged to a near 2-year low after the counter resumed trading on Thursday (Sep 29) morning, erasing some S$1.02 billion off the inflight ...