A Poor TWA Stockholder
Jan 15, 2001 | 12:35 am
#16
Original Member
Join Date: May 1998
Location: Las Vegas, NV, USA
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Posts: 5,064
I thought TWA was traded on the American Exchange...
Jan 15, 2001 | 11:18 am
#17
Join Date: May 1999
Posts: 6,084
Originally posted by Mikey:
I'm not sure I made myself clear. Hey - I knew I was taking a risk investing in TWA. And I am not complaining about losing the money, per se. It's not even very much money.
What I think smells foul is that:
1. TWA rejected a buyout offer a couple or three months ago, and
2. TWA has instead implemented this plan which involves bankruptcy.
"Hey American Airlines, if we go bankrupt we can blow off all our investors, blow off some debt, and who knows what else. Then you buy us - OK? "
I'm not sure I made myself clear. Hey - I knew I was taking a risk investing in TWA. And I am not complaining about losing the money, per se. It's not even very much money.
What I think smells foul is that:
1. TWA rejected a buyout offer a couple or three months ago, and
2. TWA has instead implemented this plan which involves bankruptcy.
"Hey American Airlines, if we go bankrupt we can blow off all our investors, blow off some debt, and who knows what else. Then you buy us - OK? "
Jan 15, 2001 | 2:55 pm
#18
Original Poster
Join Date: Aug 1999
Location: Washington State
Posts: 1,780
Pardon my ignorance, but what is the Karabu agreement?
Is that the agreement that let's Icahn purchase tix at a 20% discount?
Is that the agreement that let's Icahn purchase tix at a 20% discount?
Jan 15, 2001 | 3:17 pm
#19
Join Date: May 1999
Posts: 6,084
Actually, it's about 50% discount for Icahn, so he could sell it to the public at 20% discount from retail. For more information, see http://www.planebusiness.com/ubb/For...ML/000555.html or http://www.planebusiness.com/ubb/For...ML/000520.html .
Jan 15, 2001 | 3:18 pm
#20
FlyerTalk Evangelist
Join Date: Feb 2000
Location: TPA
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Originally posted by Mikey:
Is that the agreement that let's Icahn purchase tix at a 20% discount?
Is that the agreement that let's Icahn purchase tix at a 20% discount?
Jan 15, 2001 | 3:29 pm
#21
Join Date: May 1999
Posts: 6,084
If anybody is interested, this link has all the provisions of the Karabu ticketing agreement (scroll down to dwlevine's post): http://www.planebusiness.com/ubb/For...ML/000520.html
Jan 15, 2001 | 9:47 pm
#22
Join Date: May 1998
Location: Naples FL, Munich DE
Programs: UA MM, AA 2MM, Marriott LT Titanium, Hilton Gold
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Originally posted by TransWorldOne:
I thought TWA was traded on the American Exchange...
I thought TWA was traded on the American Exchange...