Originally Posted by
Mea25000
Exactly!
If equity were dispersed in a similar manner and valuation of UAL and CAL, ALK shareholders would hold 40% of the equity of the new company. Good luck selling that to the AMR shareholders. AMR needs a stock price of $60-70 for this to be at all palatable.
I think that would be a very tough sell to the Alta Mesa Resources stock holders (AMR)