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

To: Serge Collins who wrote (920)	10/19/1999 9:18:00 PM
From: James R.	Read Replies (1) \| Respond to of 1033

Hello, I just finished watching a T.V.O.program dealing with with the two deals involving Can.Air.with Air Can. I realize it is very early and too soon to say for sure, but it would not suprise me if A.C. stalls long enough to force C.A. bankrup. Regards

To: Serge Collins who wrote (920)	10/20/1999 9:39:00 AM
From: Alomex	Read Replies (2) \| Respond to 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?