Comment / M&A radar: SATS doesn't persuade the plebs

SATS + WFS in a nutshell: Wednesday was the day of the gods but on Thursday came the reality check from the plebs. Was joining forces with Worldwide Flight Services (WFS) a good idea, after all?

The stock of the Singaporean firm was down 21% at closing, hitting a new 52-week low of S$2.96, closing at S$3.07. That’s how its performance read after its “request for lifting of trade halt” was filed yesterday. Quite sadly, even the sky and thunder god couldn’t ...