Delta's board to (formally) study US Airways merger bid

[USA320Pilot]

Delta's board to study US Airways merger bid

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Regards,

USA320Pilot

 

[PhxMama]

I think pretty much everyone has an opinion on whether the merger would be good or bad for the employees and the industry. Not being an expert on the financials I have a question for anyone that may have an answer, although unless you are intimate with all the details Im sure it will be more of an educated guess. Here goes. If the proposal is turned down by the creditors, what does this mean in dollars for them. Will they be gambling on receving more when Delta comes out of BK or can Delta management in some way guarantee their unsecured creditors with more than what the US proposal holds? If it were me and lets face it with 4 BILLION dollars avail, to some of these creditors it may mean MILLIONS of dollars, I would be all over it. What are their options and what would you do? If you have written this off as a bad debt and now you think you may receive your money back wouldnt you jump at the chance regardless of your past loyalties? Again, I have NO background in any of this, just looking for an idea to guide my thinking other than by gut instinct. Mama

 

[GSEMAN]

I think pretty much everyone has an opinion on whether the merger would be good or bad for the employees and the industry. Not being an expert on the financials I have a question for anyone that may have an answer, although unless you are intimate with all the details Im sure it will be more of an educated guess. Here goes. If the proposal is turned down by the creditors, what does this mean in dollars for them. Will they be gambling on receving more when Delta comes out of BK or can Delta management in some way guarantee their unsecured creditors with more than what the US proposal holds? If it were me and lets face it with 4 BILLION dollars avail, to some of these creditors it may mean MILLIONS of dollars, I would be all over it. What are their options and what would you do? If you have written this off as a bad debt and now you think you may receive your money back wouldnt you jump at the chance regardless of your past loyalties? Again, I have NO background in any of this, just looking for an idea to guide my thinking other than by gut instinct. Mama

Even if someone could explain the financial end of this deal, I would say there are very few among us who can fathom the political side of it.