Pinnacle about to get bought?

[T-Gates]

Re: Pinacle Purchase

You heard it here first.....

Express Jet/COEX will bid on Penucle.

Erik

ummmmmm.........anybody up for a snowball fight in hell?

I think we may just have one.....

 

[justmeinmsp]

Re: Pinacle Purchase

You heard it here first.....

Express Jet/COEX will bid on Penucle.

Erik

How did you know so soon?

 

[George Jetson]

Believe it or not...

ExpressJet Holdings, Inc. DID make an offer on Pinnacle Airlines to NWA. The offer was made in stock, not cash. It has a very slim chance of success, according to our VP of Flight Ops. While NWA wants to take PCL public, the capital markets/Wall Street thinks otherwise and as such, NWA's bankers came to XJT and asked them to make an offer. An offer was made...but nothing has been made public yet. This is real - very real. Discuss amongst yourselves.

GJ

PS - A company doesn't need cash to buy another company. Leveraged buyouts and stock swaps happen all the time.

 

[Heavy Set]

Sounds like Expressjet wants to reduce the risk associated with being aligned to just one airline - Continental... Looks like more consolidation could be on the way................... Watch out Mesa!!!!!