You think I should buy some AIA today at these levels?
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You think I should buy some AIA today at these levels?
Will wait and see what the deal is before making a decision. There's far too many people using pure emotion to guide their investment strategies.
Still no details, but Mayor Curtis quoted as saying the bid deserves serious consideration, or words to that effect. Does he know something we don't?
Disc. Long time AIA holder.
Has to be a buy imo , for the longterm , with possible short term upside thrown in for free.
The fact so many are after this asset shows what a long term goldmine it is
AIA
06/09/2007
MERGER
REL: 0840 HRS Auckland International Airport Limited
MERGER: AIA: Termination of the Merger Implementation Agreement with DAE
Auckland International Airport Limited (AIAL) and Dubai Aerospace Enterprise
(DAE) Ltd (DAE) announced today that AIAL and DAE have completed the
consultation process required under the Merger Implementation Agreement
(MIA). AIAL and DAE have determined that, in light of the circumstances,
they have no alternative but to terminate the MIA on a mutually acceptable
basis, including that each party bears its own costs.
In light of recent developments, DAE regrets that, notwithstanding the best
efforts of the board of AIAL, the transaction could not proceed in the form
proposed.
Kjeld Binger, Chief Executive Officer of DAE Airports, said: "DAE regrets
that the opportunity to do business with AIAL did not eventuate on this
occasion and wishes John Maasland and his team at AIAL well."
Each of AIAL and DAE advise that they will be making no further comment in
relation to these issues.
ends
End CA:00153360 For:AIA Type:MERGER Time:2007-09-06:08:40:31
NOW that the ARABS have left,, All you boys out at the gold mine AIA back to work [hard]for the Real owners the 70% small shareholders that really control the COMPANY..
My sentiments exactly, Bricks.
With all the hoohaa of the last few weeks one would think that this company had only 2 shareholders! - or maybe 3 with Infratil thrown in.
I know its a different matter to get the other 52,000 odd or whatever is the number, to exercise their power, but here's hoping.
Does someone know something I dont? $0.36 surge this morning at opening.
*DJ Canada Pension Plan To Make Takeover Bid For Auckland Airport