Marvin Davis...again?

SmoothRide

Member
Aug 25, 2002
31
0
Read a quick blurb last week that Marvin Davis was shopping...again... for an airline that his son could try to run. Evidently the U BOD shot his overtures down and chose the Bondermann turnaround group. Anyone out there have anymore info on this? I know Davis is a non-player as long as the ESOP remains BUT... what if it weren''t as the result of a BK?! Good grief. [:knockout:]
 

motnot

Advanced
Aug 20, 2002
185
0
From what I've read, he'll be able to make an offer for U in bankruptcy court, just like anyone else. The company doesn't have to take it, but ...