DCC anyone?
10-29-2008, 05:17 PM
#31
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
Originally Posted by slowplay
This is eery, but I guess it is right before Halloween...
There are so many parallels to USAirways East and West and their arbitration. The lawyers are the same. The arguments are very similar. The confidence each side has in their team is the same. Airways East thought they'd hit a home run....
There are so many parallels to USAirways East and West and their arbitration. The lawyers are the same. The arguments are very similar. The confidence each side has in their team is the same. Airways East thought they'd hit a home run....
10-29-2008, 05:35 PM
#32
Gets Weekends Off
Joined APC: Feb 2008
Position: 7ERB, no M88, no 7ER, no A320, NEXT!
Posts: 397
Originally Posted by acl65pilot
It is official. Trust me.
10-29-2008, 05:58 PM
#33
Gets Weekends Off
Joined APC: Mar 2008
Position: 737 Capt
Posts: 1,166
Originally Posted by Superdad
I understand that the DOJ gave approval but DOJ approval and date of corporate closure are 2 different things. Since DCC is what determines our equity, I am simply trying to find out if all that happened today was DOJ approval or if today was in fact DOJ approval AND date of corporate closure. What I really want to know is if we got locked in at todays stock price of 7.99 a share as far as the equity is concerned.
10-29-2008, 06:03 PM
#34
Works Every Weekend
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
Originally Posted by Superdad
I understand that the DOJ gave approval but DOJ approval and date of corporate closure are 2 different things. Since DCC is what determines our equity, I am simply trying to find out if all that happened today was DOJ approval or if today was in fact DOJ approval AND date of corporate closure. What I really want to know is if we got locked in at todays stock price of 7.99 a share as far as the equity is concerned.
I think you are confused about the equity. We are not "locked in" to today's price.
The company will issue pilot shares equal to 5.88% of the outstanding equity capitalization of the new corporation. (3.5% to pre-merger DAL pilots and 2.38% to pre-merger NWA pilots)
ALPA will take possession of those shares. They plan to have an investment banker sell the shares sometime in the near future and distribute the cash as "employer contributions" to our qualified DC retirement accounts.
The price we get will be whatever the market price is when the banker sells the shares. Hopefully it will go up over the next few days or weeks.
10-29-2008, 06:13 PM
#36
Works Every Weekend
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
Originally Posted by Superdad
So there is some hope the value increasing.
Let's all hope ALPA's banker times the sale to maximize the value.
They did a great job with the bankruptcy equity. (with the help of USAir).
Maybe we need to convince USAir to try another hostile takeover.
At today's price, the average pilot will see around $32k.
Last edited by Check Essential; 10-29-2008 at 06:27 PM.
10-29-2008, 06:29 PM
#37
Gets Weekends Off
Joined APC: Dec 2007
Posts: 516
Originally Posted by Check Essential
Yes.
Let's all hope ALPA's banker times the sale to maximize the value.
They did a great job with the bankruptcy equity. With the help of USAir.
Maybe we need to convince USAir to try another hostile takeover.
At today's price, the average pilot will see around $32k.
Let's all hope ALPA's banker times the sale to maximize the value.
They did a great job with the bankruptcy equity. With the help of USAir.
Maybe we need to convince USAir to try another hostile takeover.
At today's price, the average pilot will see around $32k.
Thread
Thread Starter
Forum
Replies
Last Post
