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Gold/Mining/Energy : Air Canada is taking off? -- Ignore unavailable to you. Want to Upgrade?

To: Alomex who wrote (862)	9/27/1999 5:44:00 PM
From: zakynthos	Respond to of 1033

There doesn't seem to be much point to argument between AC shareholders and Canadian shareholders or employees. It's clear that the major beneficiaries of this deal are the Canadian employees and shareholders. As for us AC shareholders we have trouble believing that the present offer represents fair value for a profitable company with positive potential (with or without Canadian). The proposed merger ignores, amongst other things, the major difficulties that two totaly incompatible fleets will present for cost saving potential after the merger, and is asking us to hypothesize as to the value of the airco shares we will be given. All in all there seems to be a better solution in a renegotiation of a buyout by AC of the Canadian international routes, let Canadian with that money try to reassert itself as a western based regional airline thus refocusing on its strengths and give the government a way to stay out of what should be a market solution.Since when is the airline industry more important to our ``national interest`` than any other large industry? If Mr. Schwartz believes that the new co is going to be as profitable as his forward looking assumptions as to the value of its shares let him keep them and give me more cash for my AC shares.