Britain's Stobart considering bid for airline Flybe

British infrastructure and support services firm Stobart Group is considering bidding as part of a consortium to acquire struggling regional carrier Flybe. “A number of potential structures have been considered including taking a non-controlling interest in a vehicle to acquire 100% of Flybe likely to be in cash,” Stobart said. Reuters had reported earlier hursday that Stobart was in talks about a possible deal. Flybe said it had not received an approach from Stobart about a possible offer and added: “Flybe shareholders are strongly advised to take no action at this stage.” A spokesman for Stobart declined to identify possible partners in any bid for the airline. Stobart is eyeing Flybe after the carrier was left vulnerable by a slump in its share price.<br/>
Reuters
https://www.reuters.com/article/us-stobart-flybe-deal/britains-stobart-considering-bid-for-airline-flybe-idUSKCN1G61W1
2/22/18