Skywest Airlines shareholders vote on Virgin Australia takeover bid
Skywest Airlines said on Friday shareholders will vote on an offer from Virgin Australia Holdings to acquire the carrier following an order from the High Court of Singapore.
Skywest Airlines said on Friday shareholders will vote on an offer from Virgin Australia Holdings to acquire the carrier following an order from the High Court of Singapore.
Virgin Australia has vowed to invest in the growth of the operator after the takeover was given the green light by regulators in early February.
The deal is now awaiting approval from Skywest shareholders and the company will update the market on further developments in due course.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Virgin already has a stake in Skywest, which operates the larger airline's fleet of eight ATR turboprops on regional services around Australia.
RD
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Saba Capital and Boaz Weinstein respond to investment trusts
As investment trust managers and industry experts accuse Saba of self-motivated opportunism, the hedge fund responds to specific "misleading claims" and sets out its stall
By Dan McEvoy Published
-
How to find top-quality companies with growing dividends
Ian Mortimer, portfolio manager of Guinness Global Equity Income Fund, shares where he would put his money for sustainable and growing dividends
By Ian Mortimer Published