January 11, 2019 / 7:15 AM / 12 days ago

Virgin, Stobart, Cyrus consortium to buy Flybe for $2.8 mln

Jan 11 (Reuters) - A consortium of Virgin Atlantic Ltd, Stobart Group Ltd and Cyrus Capital Partners agreed to buy British regional airline Flybe Group Plc, Stobart said on Friday, for 2.2 million pounds ($2.81 million).

The offer values Flybe at 1 pence per share, a 94 percent discount to company’s Thursday’s close of 16.38 pence. ($1 = 0.7839 pounds) (Reporting by Samantha Machado and Arathy S Nair in Bengaluru; Editing by Shounak Dasgupta)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below