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The Indian Government has had a large setback regarding the sale of their 51% stake in Pawan Hans. The sale has failed to attract enough attention, with not enough bidders coming to the table. Two bidders who remain in competition are Global Vectra Helicorp and Continental Helicopters, reports Business Standard.
The All India Civil Aviation Employees’ Union, made up of over 300 workers, is planning to purchase the government’s 51% stake of Pawan Hans. The stake is valued at Rs 500 crore, reports India Times. They are currently drawing up a proposal and should the plan go ahead, it will be known as a “historic… Read more »
Russian Direct Investment Fund (RDIF) and Arab investors are considering buying more stakes in Russian Helicopters. A total of 25% of the company is on the market, for a total of $6 million, reports TASS.
HNZ Group Inc. (TSX: HNZ) (the “Corporation”), an international provider of helicopter transportation and related support services, announced today that the Toronto Stock Exchange (the “TSX”) has accepted the Corporation’s notice of intention to make a normal course issuer bid (the “Notice”) to purchase outstanding common shares and variable voting shares through the facilities of the TSX… Read more »
HNZ Group, 04-Sep-17
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK RUDMAN, ET AL., v. CHC GROUP, LTD., ET AL., Civil Action No. 15-cv-3773 (LAK) SUMMARY NOTICE TO: ALL PERSONS WHO PURCHASED SHARES OF CHC GROUP LTD. (“CHC”) COMMON STOCK IN THE JANUARY 16, 2014 IPO AND/OR IN THE OPEN MARKET DURING THE PERIOD FROM JANUARY 16, 2014… Read more »
Air Methods Corp is looking into selling their company. The company’s shares rose by 7.4% this week. Valued at $1.4 billion, the company is looking for potential buyers, reports Reuters. Voce Capital Management LLC has reportedly voiced that the company should sell itself for a while. They have also threatened to start a “proxy war”… Read more »