Printer Friendly

Standard Aero Holdings receives tenders and consents from 100% of holders.


Standard Aero Holdings Inc has received tenders and consents from holders of 100% of the aggregate principal amount of its 81/4% Senior Subordinated Notes due 2014, in connection with its cash tender offer and consent solicitation for the notes, which commenced on 29 June 2007.

The company also said that the offer is being conducted in connection with a previously announced merger, under which Dubai Aerospace Enterprise (DAE) Ltd will acquire Standard Aero Acquisition Holdings Inc, Standard Aero Holdings' direct parent company, and Piedmont/Hawthorne Holdings Inc.

Subject to the terms and conditions of the merger agreement, the acquisition will reportedly be completed through the mergers of SAH Merger Sub Inc and LMA Merger Sub Inc, each of which is an indirect wholly-owned subsidiary of DAE, with and into Standard Aero Holdings and Landmark Aviation, respectively.

As a result of the mergers, Standard Aero Holdings and Landmark Aviation will each become indirect wholly-owned subsidiaries of DAE.

((Comments on this story may be sent to
COPYRIGHT 2007 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Airline Industry Information
Article Type:Brief article
Geographic Code:1USA
Date:Aug 1, 2007
Previous Article:Fine of GBP121.5m imposed on BA for price fixing.
Next Article:UAL Corp names new vice presidents.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |