Comment / D-Day approaches for SATS + WFS – key amendments sought

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The €2.25bn SATS + Worldwide Flight Services (WFS) tie-up, expected to close by the end of March, is moving.

And that is good news, despite a SATS share price that still remains depressed at S$2.8, 27% below its unaffected level pre-M&A on 27 September.

Let’s meet 

This hybrid reverse merger, as SATS disclosed last week after a month of radio silence, is set for a test in a week’s time when on 18 January, the acquirer will hold an extraordinary general meeting* seeking shareholder ...