Forum Archive Index - March 2000

[David Pearce <Pearced@xtra.co.nz>]

DO NOT BUY AIR NZ THE DEAL HAS FAILED!!!!!!!!!!

mpbeatson@mailroom.com wrote:
> 
> After all the gloom and doom on Sharechat last night, here's a chance
> perhaps to get back into the black.
> Further to the news in today's NZ Herald about Brierley intention to
> buy up Air NZ unrestricted "B" shares so as to deliver to Singapore
> Airlines the required quota, here's an extract from this morning's
> Sydney Morning Herald which will perhaps give a good indication as to
> possible market movements today:
> 
> "It is believed Brierley's chairman Sir Selwyn Cushing and Singapore
> Air's chief executive Dr Cheong Choong Kong had agreed to a price of
> $NZ2.75-$NZ2.80 for the Air NZ shares."
> 
> AIRVB closed yesterday at $2.49.
> 
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