PPRuNe Forums - View Single Post - IAG: BA restructuring may cost 12,000 jobs
Old 1st Aug 2020, 11:11
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777JRM
 
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The share price drop was due to the rights issue announcement.
This will probably be approved by shareholders in September.

Since we do not yet know the share-pricing for this, there is uncertainty causing the sell-off.

If they go for fair-value, say £2.50, the share price will likely rise to that level.
Qatar may have a say on the issue price since they are having 2 on the board, and may not wish to suffer too much dilution.
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