Originally Posted by
jtf560
I'm just curious here- what were the circumstances behind NWA getting the golden share or shares or whatever they were? I wonder how much money Unitied will have to pony up to NW to get permission to merge/ acquire CO if things keep moving forward there. It could be an interesting little soap opera.
During CAL exit from their last bankruptcy (I've lost track on how many that was) NWA bought controlling interest in CAL (Too funny...we had $$ back then). DOJ or some gov't agency made us sell the controlling stock (probably made more $$ off that) with the caveat that NWA would own the 'golden share'. Basicly 'first rights of refusal' in the event some other company wanted to buy CAL. I'm sure that right is negotiable (since all of a sudden we're broke). Ahhhh what a strange game this airline business....S/F Reddog