Air Canada is taking off? Message Board

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Gold/Mining/Energy : Air Canada is taking off?

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To: D.M. who wrote (818)	9/12/1999 2:05:00 PM
From: patrick bey	Read Replies (1) of 1033

Onex bid is not well understood by the public!! 8.25 is for half your shares , for the other half may get shares in the new Airco. It took the financial community weeks to understand it and finally evaluate the new company at $16 a share. So, on the one hand you get 8 on the other you get 16 so the average is 12!! Air canada will go up to 12 easily shortly. Actually its price is irrelevant in case of a merger. Also , if the merger does not take place AC should settle between 12 and 15 because this its actual value !!

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