Blackstone, Cascade Bill Gates joins for Signature Aviation bid

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Blackstone Group Inc on Friday went ahead with its offer to buy Signature Aviation in a US $ 4.29 billion worth of contract, reaffirming support from the largest shareholder at private jet servicing company Bill Gates.

PHOTO FILE: The tick and trade information for Blackstone Group is displayed at the post where

PHOTO FILE: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the New York Stock Exchange (NYSE) floor April 4, 2016. REUTERS / Brendan McDermid



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REUTERS: Blackstone Group Inc on Friday launched its offer to buy out Signature Aviation in a US $ 4.29 billion contract, reaffirming support from the largest shareholder at private jet servicing company Bill Gates’ Cascade Investment.

Blackstone and Cascade, which owns 20per in the company, are in specific talks with the London-based company about a joint proposal, which would include a cash offer of US $ 5.17 per share, he said. Blackstone.

(Reporting by Muvija M in Bengaluru; Editing by Anil D’Silva)

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