Onex withdraws
Nov 5, 1999, 3:04 pm
#1
Original Poster
Join Date: May 1999
Location: Ottawa
Posts: 8,564
Onex withdraws
Onex walks away from airlines
WebPosted Fri Nov 5 17:00:47 1999
MONTREAL - Onex CEO Gerry Schwartz is walking away from his bid to buy and merge Air Canada and Canadian Airlines in the wake of a Quebec judge's ruling that the offer violates the law that limits ownership in Air Canada by a single shareholder to 10 per cent
http://cbc.ca/cgi-bin/templates/view...decision991105
andrew
WebPosted Fri Nov 5 17:00:47 1999
MONTREAL - Onex CEO Gerry Schwartz is walking away from his bid to buy and merge Air Canada and Canadian Airlines in the wake of a Quebec judge's ruling that the offer violates the law that limits ownership in Air Canada by a single shareholder to 10 per cent
http://cbc.ca/cgi-bin/templates/view...decision991105
andrew
Nov 5, 1999, 5:33 pm
#2
Join Date: Sep 1999
Location: New York
Posts: 3,383
Has Onex already shut down its web site (www.airco.ca) for its CP-AC merger plan? It seems I can no longer access it. I wonder what will happen to CP.
Nov 5, 1999, 6:26 pm
#3
Company Representative - Air Canada
Join Date: May 1999
Location: Canada
Posts: 24,215
Seems like the website is closed. Well, I guess CP has to consider AC's offer now or wish that someone from OneWorld is going to save them.
It's a good thing in a way since CP will now be able to remain as an independent company.
Regards,
Empress
It's a good thing in a way since CP will now be able to remain as an independent company.
Regards,
Empress
Nov 6, 1999, 2:37 am
#4
Original Member
Join Date: May 1998
Location: Vancouver, Canada
Posts: 6,222
If AC takes over CP then, short of government intervention, I suspect CP will not exist in 12 months.