Lear70
JAFFO
- Joined
- Oct 17, 2003
- Posts
- 7,487
To my understanding:"........but ALPA would be eventually gone as the NPA is the union of the PURCHASING carrier. Would be the other way around if you guys were purchasing us."
Someone can 'correct' me if I am wrong (and sure they will); but I don't think this is exactly correct??
If two carriers merge and both groups are 'represented' (union), by different unions/representation; there would have to be a vote by the combined group for 'representation' by one union or the other. I believe that is what is specified by Federal Labor Law; and it does not matter who bought who??
Just my $0.02.
DA
If it's a straight merger, then yes, a vote would be called.
If it's an acquisition, then no, again, a la' AA/TWA (don't recall an ALPA vote being called for representation during that whole fiasco, although they petitioned pretty hard for it during the acquisition).
Then again, I've been wrong before...
Why would their shareholders go for it? Well, they were never given the option DIRECTLY before. That's the whole POINT of a hostile takeover bid.
Previously, management made the decision FOR the shareholders, then put whatever spin on it they want after saying "No, thanks." The only way the shareholders can overrule that is for a majority of them to rise up, kick out current management, and appoint a new BOD (akin to recalling your MEC leaders and putting new MEC leadership in place).
Now, by taking the argument directly to the shareholders, you get to present YOUR side of the coin directly to the ultimate decision makers, then let THEM vote. Who knows, if the deal is sweet enough or they see better long-term gains owning AAI stock, they might go for it.
Amusing question, since Boiler posted the stock information is, since AAI is only offering a 25% premium on the stock and the stock is up 100% in 6 months, 20% in today's news. What will they do? Hmmmmm...
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