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

To: Alomex who wrote (893)	10/5/1999 11:37:00 AM
From: upultra	Read Replies (1) \| Respond to of 1033

I don't see Onex upping their offer until the rival bid appears. The question is where will this bid start out? I would think the bid by UAL / BOM / LUF might be around $10 a share. My question is, if they are going to try and buy 35% of the shares how high might the price go? To buy that much stock in a short period could drive the price up a lot higher. I would tend to agree with the speculation that the offer for 35% of the shares would be to block the Onex proposal and not actually be a counteroffer. I think Canadian is too expensive for AC to purchase as a whole company. The next question is, would Onex make a counteroffer? And if so what would be the maximum they would go? Next, if the counter offer is successful and Onex drops there bid, what happens next? If AA does feed Canadian Airlines enough cash each year (enough to survive), how would this effect AC? cheers, riker