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EasyJet to be bought out?

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Old 22nd Oct 2004, 11:33
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Post Ryanair denies EasyJet takeover plans

Sounds like someone was just winding up the media people

Or meybe the media just generates its own rumours in order to get a denial?

http://www.rte.ie/business/2004/1022/ryanair.html
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Old 22nd Oct 2004, 12:06
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Ryanair denies EasyJet take over plans
They denied Buzz takeover plans too.
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Old 22nd Oct 2004, 12:13
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Easyjet to be bought out

Easyjet shares jump 20% on Icelandic buyout! Now nobody thought of that.

Last edited by Hudson Bay; 22nd Oct 2004 at 12:30.
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Old 22nd Oct 2004, 12:58
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Just seen this on Sky News business report but they didn't say which Icelandic company it is. Does anyone know?
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Old 22nd Oct 2004, 13:08
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Air Atlanta trying to buy easyJet

Just seen on the news that Air Atlanta are trying to buy easyJet.

Probably exaggerated by Sky News but I've found some info here...

http://quote.bloomberg.com/apps/news...4byuI&refer=uk

http://www.guardian.co.uk/business/s...333053,00.html
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Old 22nd Oct 2004, 13:14
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Money

No smoke without fire...?
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Old 22nd Oct 2004, 13:15
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Heard this on the news at noon. (channel 4)
Icelandic co. (un-named) RUMOURED to be involved in EZ takeover. Apparently 18 million shares have traded today already. Thats 3 times the daily average. Then there was a bit of waffle about how they're being hit by the current Oil Crisis.
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Old 22nd Oct 2004, 13:22
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Can I buy easyJet?

Well, everyone else is having a go!

Seriously, I thought Stelios was considering a buyback?
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Old 22nd Oct 2004, 13:59
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What with? On paper, the guy's as rich as Croesus - but only on paper. He's ploughed his personal wealth into his startups.
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Old 22nd Oct 2004, 14:06
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Arrow

itchy kitchin


To correct your last post , it's a little more than 18 Millions! --- > It's more than 71 Million at 14:05 GMT. No smoke without fire for sure.

SF
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Old 22nd Oct 2004, 14:47
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ramsrc is right

I have to agree with ramsrc, Ryanair denied the Buzz rumour for a number of weeks and then made an announcement once they entered a stock market open period the day they announced their 3rd Quarter results in February 03. Ryanair Q2 results were due out on November 1st but were moved to November 2nd to facilitate European investors who are on national holiday on November 1st. Seems to me they would only do that if they were expecting a big movement in the share price on the day of the results and did not want to catch European investors off guard and alienate them as shareholders in the future............
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Old 22nd Oct 2004, 16:17
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Viking Invasion

Pointy hats in Luton?

http://news.bbc.co.uk/1/hi/business/3944849.stm

Shares up to 125p bu99eration!

D:/
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Old 22nd Oct 2004, 17:20
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I cannot imagine that any regulator would allow RYR/EZE to combine their businesses. To start with they already have a monoplly as defined by the relevant EU regulations at STN, LTN, DUB and that would be extended in any merger. In any event Stelios still controls 41% of EZE and no one could buy the company without his approval. There is no indication that any such thing is likely.

What is much more likely is that EZE is considering going private in order to funs an acquisition without the gaze of the stock market. Jet2/Globespan are obvious opions and they both need greater and more cost effective marketing, which EZE could easily provide.

It is also likely that EZE will be considering a realignment of its Airbus orders. The A319 is already looking to be too small for many LGW routes and some A320's and maybe even A321's are needed there. Acquisitions and amending aircraft orders could be done much more easily by taking the company private.

Why Air Atlanta would wish to but sgares beats me. It is really only an ACMI operator and has no possibility of gaining the approval of Stelios. It would not bring any strengthening of the business.

We shall see.
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Old 22nd Oct 2004, 17:48
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We have a positive opinion of the EasyJet’s business model and we think that the company has a bright future”.
Unlike those bankers in the city who have mercilessly trashed the shares this past few months
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Old 22nd Oct 2004, 21:51
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Contrary to all rumours, I can categoricallly state that I have no intention of buying a controlling share in Easyjet. My friends all deny interest as well.

So does Branson...................and Chris Tarrant.........and Cherie Blair.................

Now that's enough for a few more rumours!
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Old 26th Oct 2004, 19:09
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Looks like the Icelanders have increased their stake to 10.1% this week. Pushing the share price up 4.5 to 151.50.
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Old 26th Oct 2004, 20:07
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What does the influx of Icelandic money mean to the employees of Easyjet?
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Old 26th Oct 2004, 20:25
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We were chatting about this at work today and all seemed to be under the impression that Air Atlanta had put money into Excel.
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Old 26th Oct 2004, 20:36
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Would the Icelanders have the management ability to make a go of Easy? I suspect that they'll find there's a lot more to running Europe's largest short-haul airline than just screwing the staff!
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Old 26th Oct 2004, 21:03
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not joking,

Air Atlanta Iceland own 100% of EXCEL.
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