News and Analysis
Worldwide Flight Services — Change of Control Analysis
- Oliva Mantock
•5 min read
On 21 September 2022, Bloomberg reported that Singapore-based gateway services provider SATS Ltd. is in talks to acquire Cerberus-owned aviation cargo handler Worldwide Flight Services (WFS) for as much as $3bn.
While SATS and WFS have each confirmed that discussions regarding a potential acquisition are ongoing, SATS stated that no definitive terms have been agreed and that the Bloomberg article contained “materially inaccurate facts”.