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

To: upultra who wrote (896)	10/5/1999 1:52:00 PM
From: Alomex	Read Replies (1) \| Respond to of 1033

Where do you expext the UAL/BOM/LUF bid to come be at then? I was expecting that bid to start at $10+ I think it will be $10.20 per share. AC bulls should take notice of the fact that UAL/BOM/LUF are limiting themselves to 35% of AC. If they thought AC was such a great investment they could have bought a larger percentage of the shares (say by means of a AA/CA type of deal). I wouldn't be too surprised to see AA contribute an annual amount to an independent CA. CA contributes $200 million (U.S.$ I believe) to AA; something AA I don't think would want to lose. That is an interesting point. However, I think AA sees CA as a net drain and wants to stay as far away as possible from CA as they can. Scenario: If the UAL/LUF deal is good enough, perhaps Onex will dump AA and their financing and join forces with UAL/LUF and still merge AC/CA. What do you think?