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Thread: Critic has faith in Air Canada
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Old Apr 8, 2009 | 9:19 pm
  #3  
robsaw
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"that ACE could better serve its shareholders by helping the airline through its current troubles than rushing to unwind itself."

I believe a recent court case on BoD responsibility to shareholders AND the corporate interest may be causing ACE to re-think their entire wind-up plan. The ACE wind-up gives the ACE shareholders cash and a bunch of low-value AC shares, is that the best use of ACE cash?
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