Sats shares decline after announcement of wfs acquisition

[RECAP] Shares of Sats have been steadily declining since it announced plans to acquire Worldwide Flight Services (WFS) on Sep 28.

Here’s a look back at the deal that is leaving investors unconvinced:

1. Sats to buy WFS for up to 1.3b euros, plans S$1.7b equity fundraising

2. Chief executive Kerry Mok indicates need to reduce size of rights issue

3. 🎥 Sats: From Singapore Airlines inflight caterer to global air cargo handler