Av8tor
Well-known member
- Joined
- Nov 26, 2001
- Posts
- 222
9:04AM Atlantic Coast Air upgraded at CSFB (ACAI) 11.05: CSFB upgrades ACAI to Neutral from Underperform following MESA's unsolicited takeover offer; while initially skeptical about the deal coming to pass, firm has learned that ACAI has extremely weak anti-takeover defenses, and when coupled with a disgruntled shareholder base that is very skeptical about mgmt's plan to turn the regional carrier into a low-cost airline, those low barriers make the odds of MESA's success in an offer quite high.