Air Canada is taking off? Message Board

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

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To: Serge Collins who wrote (920)	10/20/1999 9:39:00 AM
From: Alomex	Read Replies (2) of 1033

That's precisely the point, the Onex deal is not a straight cash deal Neither is Air Canada's offer. They wil pay $12 dollars a share for only 35% of the shares. If you spread the money to all shareholders, this gives about $4 bucks and change per share. Onex bid also results in $4 bucks and change per share, cash. I do expect Onex to come back with an improved offer. However according to the Globe and Mail AC seems to have signed a poison pill making it impossible for CA to buy AC at any price. How's that for safeguarding of shareholder's interest?

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