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firstmob

12-06-2016 11:28 AM

Avianca

What's going on with the offer to purchase Avianca?

Check Essential

12-06-2016 12:39 PM

Quote:

Originally Posted by firstmob (Post 2257138)

What's going on with the offer to purchase Avianca?

New York Times said we offered $1 billion all cash for roughly half the company.
Didn't say whether we would have control. We are bidding against United and Copa.
It sounds kinda messy. There are hedge funds and bondholders and old family owners who all want different things.
United is offering loans to some of the family and to the company.
Copa wants to do it as a merger.

zippinbye

12-06-2016 05:13 PM

Seeking Alpha said $1.9B from DL, no mention of stake ( implied full purchase by my read). $2.0B from COPA.

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