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Virgin Blue May Sell A$400 Million of New Shares, Age Says
July 13 (Bloomberg) -- Virgin Blue Holdings Ltd., may sell A$400 million ($312 million) of shares to strengthen its balance sheet, the Age newspaper reported, without saying where it got the information.
It may have to sell shares to a cornerstone investor, the report said. Virgin Group Ltd., holder of 22.5 percent of Virgin Blue, may not buy stock in a sale, the Age said.
Goldman Sachs JBWere Pty may help to organize the share sale that might be announced Wednesday, the newspaper said. Goldman and Virgin Blue declined to comment, it reported.
SYDNEY, July 13 (Reuters) - Australian airline Virgin Blue Holdings (VBA.AX) called a halt to trade in its shares on Monday, pending an announcement. It gave no more details. The Sydney Morning Herald said in an unsourced report on Monday that Virgin was poised to raise up to A$400 million ($312 million) to bolster its balance sheet and cement its recently struck partnership with Delta Air Lines (DAL.N). [ID:nSYU006818] (Reporting by Mark Bendeich) ($1=1.284 Australian Dollar)
I never said big news on the 15th. Get it correct. I said that there were big news makers in the works. Someone else said that.Originally Posted by hoserpilot
These guys have 53 737's and emb 170's/190's. Share sale announcement on the 15th. ACL says big news on 15th. New partnership announced last week. Forget about Alaska lets just buy these guys and hook up with Aussie chicks.Virgin Blue May Sell A$400 Million of New Shares, Age Says
July 13 (Bloomberg) -- Virgin Blue Holdings Ltd., may sell A$400 million ($312 million) of shares to strengthen its balance sheet, the Age newspaper reported, without saying where it got the information.
It may have to sell shares to a cornerstone investor, the report said. Virgin Group Ltd., holder of 22.5 percent of Virgin Blue, may not buy stock in a sale, the Age said.
Goldman Sachs JBWere Pty may help to organize the share sale that might be announced Wednesday, the newspaper said. Goldman and Virgin Blue declined to comment, it reported.
SYDNEY, July 13 (Reuters) - Australian airline Virgin Blue Holdings (VBA.AX) called a halt to trade in its shares on Monday, pending an announcement. It gave no more details. The Sydney Morning Herald said in an unsourced report on Monday that Virgin was poised to raise up to A$400 million ($312 million) to bolster its balance sheet and cement its recently struck partnership with Delta Air Lines (DAL.N). [ID:nSYU006818] (Reporting by Mark Bendeich) ($1=1.284 Australian Dollar)