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  1. #11
    Member Viking's Avatar
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    mmm they probably name it "Emirates Airport New Zealand"

    Nevertheless, guess no one would dare to touch it now
    With the staunch support from the stack holder and common shareholders alike~
    we are going to grow our value along with this asset
    Make everything as simple as possible, but not simpler.
    --- Albert Einstein

  2. #12
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    Looks like DAE want out of the deal Shares dropped at 292.
    AIA
    31/08/2007
    MERGER

    REL: 0857 HRS Auckland International Airport Limited

    MERGER: AIA: Notice from DAE under Merger Implementation Agreement

    Auckland International Airport Limited (Auckland Airport) advises that last
    night it received a notice from Dubai Aerospace Enterprise (DAE) Limited
    (DAE) under the Merger Implementation Agreement (MIA) dated 22 July 2007
    between the parties.

    The notice claims that the recent legal proceedings filed by Air New Zealand
    seeking judicial review of Auckland Airport's recent aeronautical pricing
    process constitute a "Prescribed Occurrence" under the MIA.

    In accordance with clause 2.3(a) of the MIA, the good faith consultation
    period of five business days required under that clause will now commence.
    If the parties are unable to reach agreement by the end of the consultation
    period, either party may terminate the MIA.

    Auckland Airport disputes the existence of a "Prescribed Occurrence" and does
    not consider that DAE has grounds to issue such a notice.

    DAE has also claimed that AIAL is in material breach of its obligations under
    clause 9.1(a) of the MIA by not using its best endeavours to ensure a
    successful outcome to the proposal. AIAL also disputes this claim.

    Auckland Airport will keep the market fully informed as soon as further
    details are available.
    Last edited by Ttops; 31-08-2007 at 09:26 AM.

  3. #13
    Muppet Placebo's Avatar
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    Pretty outrageous response from the Dubaians if that is indeed what they claim. Anyone can seek judicial review of anything -- it is completely outside Auckland Airport's control!!
    Marriage isn't a word. It's a sentence

  4. #14
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    Perhaps DAE realise this is a dead duck and want to move on. It certainly sounds like they won't sweeten the deal. They are sending a message thats for sure.
    Last edited by Ttops; 31-08-2007 at 10:51 AM.

  5. #15
    Senior Member
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    anzac
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    Thumbs up A must have stock is now BETTER.

    THE ARAB deal was always a dickie one they had other ideas beside the air port and have now been caught out, there are 8 others in with mention this could flush them out and remember AIA is the best piece of real estate in NEW ZEALAND..

  6. #16
    Muppet Placebo's Avatar
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    Default Exit stage left....

    ...enter stage right.

    Here come the Canadyans. . Mounties to the rescue, driving out the evil towel-heads

    http://tvnz.co.nz/view/page/411749/1332608

    Question is; do we like these Johnny Foreigners any better than the last ones?
    Marriage isn't a word. It's a sentence

  7. #17
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    maybe. They bought Yellow Pages. You see that they've just done? directory prices are jumping between 50-100% across the table.

  8. #18
    Senior Member
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    Thumbs up THE must have stock is now even BETTER.

    LOTS of talk with ARABS on the left and now CANADIANS on the right with them telling everybody how big they are the only thing not happening is talk about Hard Cold Cash..

  9. #19
    Guru Dr_Who's Avatar
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    How much are those mountaineer moose lovers paying for AIA?
    Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.

  10. #20
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    Default

    Quote Originally Posted by Dr_Who View Post
    How much are those mountaineer moose lovers paying for AIA?
    I don't think any price has been announced yet.

    See http://afp.google.com/article/ALeqM5...w8oRNCF0SRZutw

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