It can't be Ascent Aviation Group, can it - here is why:
World Fuel Services Completes Acquisition Of Ascent Aviation Group
By Business Wire 04/04/11 - 08:00 AM EDTAdd Comment
Stock quotes in this article:INT
inShare
World Fuel Services Corporation (NYSE:INT) announced today that its wholly-owned subsidiary, World Fuel Services, Inc., has completed the previously announced acquisition of Ascent Aviation Group, Inc. ("Ascent") a leading distributor of aviation fuel and deicing fluids.
More on Press Releases
The George Washington University, Host Of Clinton Global Initiative University 2012, Will Collect 20,000 Used Cell Phones As CGI U Commitment To ActionRedChip Companies Appoints Gary Eelman As Director Of ResearchSoutheastern Software Association Presents "Where Georgia Leads" Award To Digital AssentFaith Hill To Perform On "The 45th Annual CMA Awards" For The First Time In Five YearsConstellation Energy Launches Natural Gas Offer In Greater Philadelphia, Expanding Its Role As An Energy ProviderDigital Dynamos – Facebook, Google And Twitter – Support Small Business SaturdayADM Announces Final Results Of Private Exchange OffersInformationWeek Launches Interactive Marketing Units For Its Network Of SitesInvesco Announces Upcoming Investment Policy And Name Changes For Invesco Van Kampen Trust For Insured MunicipalsVu1 Corporation Signs Manufacturing Agreement With Huayi Lighting Company Ltd. To Supply 250 Million Units (Bulbs) Over Five Years
Market Activity
World Fuel Services Corporation| INT
"The acquisition of Ascent further strengthens our platform in the general aviation fuel distribution business and expands our product offering," stated Michael J. Kasbar, president and chief operating officer of World Fuel Services Corporation. "We are pleased to welcome Ascent to the World Fuel organization and are looking forward to working with their talented team."
Ascent, based in Parish, New York, supplies aviation fuel and deicing fluid to more than 450 airports and fixed base operators (“FBO’s”) throughout North America. Ascent is a national branded reseller of aviation fuel for ConocoPhillips and is the exclusive third-party distributor of deicing fluids for Dow Chemical in the United States.
The transaction is expected to be $0.03 to $0.05 accretive to earnings in the first twelve months.
Information Relating to Forward-Looking Statements
With the exception of historical information in this news release, this document includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are statements that could be deemed forward-looking statements and may involve risks and uncertainties. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from the Company's expectations and projections. These statements include, without limitation, statements regarding the consummation of the transaction, its effects on future earnings or other operating results, the expected closing date of the transaction, any other effect or benefit of the transaction, and any other statements that are not historical facts. These risks and uncertainties include the ability of the Company to achieve forecasted operating results and operating benefits currently expected from the proposed transaction and the timing and receipt of approvals for the transaction. Other risks and uncertainties, detailed from time to time in the Company's Securities and Exchange Commission filings could cause actual results to differ materially from any forward-looking statements set forth herein.
Add Comment
News 
Market Data 
Discover 
AI
