![]() ![]() Review our cookie policy for more information. 5 Part of the SAS Group and headquartered at the SAS Frsundavik Office. 3 SAS is an abbreviation of the company's full name, Scandinavian Airlines System 4 or legally Scandinavian Airlines System Denmark-Norway-Sweden. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. Scandinavian Airlines, more commonly known and styled as SAS, is the flag carrier of Denmark, Norway, and Sweden. We have detected that Do Not Track/Global Privacy Control is enabled in your browser as a result, Marketing/Targeting cookies, which are set by third parties that allow us to execute marketing campaigns, manage our relationship with you, build a profile of your interests and provide you with content or service offerings in accordance with your preferences are automatically disabled. , and Marketing/Targeting cookies, which are set by third parties, allow us to execute marketing campaigns, manage our relationship with you, build a profile of your interests and provide you with content or service offerings in accordance with your preferences. remember settings), and Performance cookies to measure the website's performance and improve your experience. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. Please refer to your advisors for specific advice. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. For more information about our organization, please visit ey.com. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.ĮY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. “Even after 45 years at SAS, I still wake up every day excited about what we can accomplish.EY | Assurance | Consulting | Strategy and Transactions | TaxĮY is a global leader in assurance, consulting, strategy and transactions, and tax services. “I’m always thinking about the future of SAS, what’s possible with our software and where we go together,” Goodnight said in his announcement. The company also has remained profitable for 45 years, dating back to its founding during the days of Goodnight and Sall as educators at North Carolina State University.Ī recently launched marketing campaign has rekindled forward sales momentum as well as a recently announced partnership with Microsoft, according to company officials. In the statement today, SAS said the company “has achieved the financial strength brand equity and market leadership to make this move.” A deal with Broadcom would have met or come close to that targeted amount, the company being estimated worth that much. Years later, Goodnight said he would sell the company if someone offered him $20 billion. Goodnight says SAS not for sale Broadcom talks over, says report It wasn’t the right time for SAS employees or customers.”Īt that time, Goodnight said: “One main reason companies go public is they need the money. “The market quickly changed, and we reconsidered. ![]() “I can confirm that SAS did consider going public at that time,” SAS spokeperson Shannon Heath told WRAL TechWire on Thursday. At that time the company explored offering up to a 15% share in ownership of stock. In 2000, Goodnight explored an IPO then dropped the idea. This is not the first time SAS has considered an initial public offering of stock. Now it’s time to prepare the next chapter.”Įmployees could be a big beneficiary of an IPO by SAS through stock options We have built a strong operational and financial foundation setting us up for an even better future. “As an organization we are on a solid path forward with sustainable growth that continues to build upon the trusted brand and platform we have created. “By moving toward IPO readiness we can open up new opportunities for SAS employees, customers, partners and our community to participate in our success ensuring the brightest possible future for all of us,” Goodnight, the CEO and majority shareholder, said in the announcement. SAS, a global leader in analytics and other software and services, says the intention is to be ready for an IPO by 2024. ![]()
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