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IAG mulls takeover of Norwegian?

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IAG mulls takeover of Norwegian?

Old 31st Jan 2019, 03:50
  #161 (permalink)  
 
Join Date: Apr 2011
Location: X marks the spot
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Originally Posted by BluSdUp View Post
Folketrygds fondet ( Norwegian State Pension Fund ) has 6% of the stock in NAS.
Up to 132Nkr now, one hr before Oslo Børs closes.
Popular , no! Recovering due to potential Yes , me thinks!
Gone fishing!
Yeah will be interesting later on will be what price Norwegian now with "sturulven" are planning for the issue but feels brave buying into this, maybe the price is not even decided yet but the capital the aim to issue is already known so what's left if the price of the issue and the dilution.

Existing want shareprice to stay high to keep dilution minimal. Also market should converge towards the issue later on as the date of issue gets nearer so could be a swing coming up if the issue is discounted. Thats the game more or less here i believe. Next stop for the voyage is the finer details about the issue...
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Old 1st Feb 2019, 08:08
  #162 (permalink)  
 
Join Date: Dec 2010
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According german Handelsblatt reporting on Norwegian, Lufthansa and IAG :

"The German airline also re-dipped its toe in talks for Norwegian, in case it was capable of bumping rival IAG, out of the bidding. Although IAG on Thursday said it was no longer interested in Norwegian, Lufthansa sources say the move, which hammered Norwegian`s shares, was just a strategic ploy to pressure Norwegian CEO Bjørn Kjos into signing a deal"

Norwegian media today report that the Rights Issue was a plan B ready to be launched , in case the price IAG offered was below the value Kjos wanted for the company...Kjos says the Rights Issue was ready from november, but they couldn't launch before the take over talks had ended.
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Old 1st Feb 2019, 16:28
  #163 (permalink)  
 
Join Date: Nov 2008
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Originally Posted by WHBM View Post
If you are going for growth you would have all your funding etc lined up before you start. That's professional finance.

I still can't see what the Rights Issue will achieve long term given it is only the amount of the loss last year, and will be absorbed by that. The comparisons with the last year of Dan-Air are uncanny (established carrier, big increase in schedules, rights issue in the bottom season, that investment going straight out of the door again to pay past debts, etc).
Hardly as no one will commit the type of money needed. Everybody thinks shortterm.
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