friggin' mergerdon't matter dude///NMB looks at it as a friggin' merger....and will rule the same.....have a nice IAM day my friends... 😉
go for it guy....friggin' merger![]()
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Time to get to the games lol
Have a nice IBT WIN..lol
GO PANTHERS![]()
This is it:
13-Jul-2005
Entry into Material Agreement, Financial Statements and Exhibits
US Airways Group will sell to the Tudor Investors, and the Tudor Investors will purchase, shares of US Airways Group common stock for a per share purchase price of $16.50 and an aggregate purchase price of $65 million, payable in cash. The Tudor Investors, together with the investors who entered into the Wellington Agreement and the May 19 Agreements (collectively, the Equity Investors), have made equity commitments of $565 million in the aggregate.
I like this part and so does the NMB under accuisition of control in 19.0 merger.
The Merger Agreement provides that, upon the terms and subject to the conditions set forth in the Merger Agreement, Barbell Acquisition Corp. will merge with and into America West Holdings (the Merger), with America West Holdings continuing as a wholly owned subsidiary of US Airways Group.
Read this:
ok 7, who owns us airways group now?????
HAVE A NICE IBT DAY![]()
US Airways Group owns AWA.
Thanks again for proving my point.
You can try to spin it anyway you want, but AWA holdings is owned by US Airways Group.
And US Airways Inc, is not and was not Barbell.
Although the merger is structured so that America West Holdings
will become a wholly owned subsidiary of New US Airways Group at closing, America West Holdings will
be treated as the acquiring company for accounting purposes in accordance with Statement of Financial
Accounting Standards, or SFAS, No. 141, ‘‘Business Combinations.’’
Although the merger is structured such that America West will become a wholly owned subsidiary of US Airways Group at closing, America West will be treated as the acquiring company for accounting purposes under SFAS No. 141,“Business combinations,†due to the following factors: (1) America West’s stockholders are expected to own approximately 37% of New US Airways Group common stock outstanding immediately following the merger as compared to certain former US Airways Group creditors who will hold approximately 12% (these percentages
reflect certain assumptions concerning the likely exchange of certain convertible debt and the impact of certain securities that are dilutive at the per share purchase price paid by the equity investors); (2) America West will receive a larger number of designees to the Reorganized Debtors’ board of directors; and (3) America West’s current Chairman and Chief Executive Officer will serve as Chairman and Chief Executive Officer of the Reorganized Debtors following the merger.
Unions for the most part look after themselves first whether it be IAM, IBT or the A-S-S.
If you are really getting technical and research the actual merger documentation, America West Airlines was named the sole surviving carrier of this merger!HOW MANY TIMES DO WE HAVE TO TELL YOU ?
FROM 19.1 Merger
Merger is a consolidation, merger, purchase, lease, operating contract, acquisition of control, or similar transaction of two or more business entities.
Yeah.........and the name was kept due to a higher recognition.........good or bad...........but that's it. Who's in charge?? Where's corporate located??If you are really getting technical and research the actual merger documentation, America West Airlines was named the sole surviving carrier of this merger!
Is it too hard to understand you proved my point?
America West Holdings continuing as a wholly owned subsidiary of US Airways Group.
Thanks again!