The actually already sold Flybe has a second offer available. It may be too late, is still explosive before the Annual General Meeting in early February.
In mid-January, Virgin Atlantic, Stobart Group and Cyrus Capital were announced to take over the British regional airline Flybe. They only pay one penny a share and transfer Flybe to the newly formed Connect Airways. More than a month later, the South African Bateleur Capital and the US airline Mesa Air now also announce a takeover bid. After this announcement, Flybes more than doubled its value and was Wednesday morning (February 20) at 2.89 pence.
Flybe referred to the agreement with the previous buyers. In addition, the airline said that the board believes that the new offer is not feasible, partly because it does not allow fast enough to continue the fleet's operations. On Thursday, the share price went down again. Nevertheless, the late offer is exciting, as many Flybe investors believe that the purchase price for Virgin and Co. is much too low. For example, Flybe will hold an extraordinary general meeting on March 4, when investors Hosking Partners, according to Bloomberg's news agency, may try to get Flybe's CEO Simon Laffin deposited.