jetflier
Well-known member
- Joined
- Dec 22, 2003
- Posts
- 718
In regards to DAL buying NWA, here's another spin.
NWA buys DAL, protecting the 5th freedom rights and the golden share at CAL. NWA will buy DAL.
This maintains the golden share at CAL and 5th rights. Anderson is moved to the board at DAL to "learn" the operation prior to merger (or I should say acquisition). UAL will buy CAL after paying NWA a hefty fee. Think VERY HEFTY. We win on both ends of the deal and use the proceeds from CAL to close the DAL deal. DAL exits Chap 11 1st to allow a "holding company" to acquire shares of DAL quitely before we exit. Continental stock will be in play as soon as any merger news hits the wires. Started to climb today the the AirTran/Midwest proposal. CAL has a $10/share upside as evidenced the the last round of merger talks. Deals will close next year.
NWA buys DAL, protecting the 5th freedom rights and the golden share at CAL. NWA will buy DAL.
This maintains the golden share at CAL and 5th rights. Anderson is moved to the board at DAL to "learn" the operation prior to merger (or I should say acquisition). UAL will buy CAL after paying NWA a hefty fee. Think VERY HEFTY. We win on both ends of the deal and use the proceeds from CAL to close the DAL deal. DAL exits Chap 11 1st to allow a "holding company" to acquire shares of DAL quitely before we exit. Continental stock will be in play as soon as any merger news hits the wires. Started to climb today the the AirTran/Midwest proposal. CAL has a $10/share upside as evidenced the the last round of merger talks. Deals will close next year.