Business Services Industry
Virgin Blue battle still up in the air.(Patrick Corp. and Virgin Group PLC's takeover bid for Virgin Blue Airlines)(Brief Article)
Australasian Business Intelligence, February, 2005 by Knight, Elizabeth
Feb 01, 2005 (The Sydney Morning Herald - ABIX via COMTEX)
Confusion surrounds Patrick Corporation's takeover bid for discount Australian airline Virgin Blue. Patrick's offer is $A1.90 per share, but Virgin Group's Sir Richard Branson claims that it is $A2.06. Minority shareholders do not stand much chance of being heard, with Patrick owning 45 per cent of Virgin Blue and Sir Richard about 25 per cent. The UK entrepreneur claims that because Patrick is bidding for all of the shares it does not own, it must match whatever price he pays for Virgin Blue stock.
Publication Date: 2 February 2005
VIRGIN BLUE HOLDINGS LIMITED - ASX
VBA:
VIRGIN BLUE AIRLINES PTY LTD:
PATRICK CORPORATION LIMITED - ASX
PRK:...
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