Worldwide Flight Services — Change of Control Analysis


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Worldwide Flight Services — Change of Control Analysis

Oliva Mantock's avatar
  1. 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”.

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