Investors Investigate NW

[chucky]

Investors call for investigation into whether NWA plans mergerThursday March 1, 4:13 pm ET


A group of Northwest Airlines Corp. investors, led by hedge fund Owl Creek Asset Management, has dropped its request to create a committee that would represent shareholders, according to a Dow Jones news report.
Instead, the group is now asking the court to investigate if the Eagan-based carrier is "contemplating a merger or other transaction," according to the report, which cites bankruptcy filings.

The investigation would consider whether Northwest (Pink Sheets: NWACQ - News) would pursue a merger after it emerges from Chapter 11 bankruptcy protection, which is expected to happen later this year.

Published March 1, 2007 by the Minneapolis / St. Paul Business Journal

 

[groundcontrol]

Investors call for investigation into whether NWA plans mergerThursday March 1, 4:13 pm ET
A group of Northwest Airlines Corp. investors, led by hedge fund Owl Creek Asset Management, has dropped its request to create a committee that would represent shareholders, according to a Dow Jones news report.
Instead, the group is now asking the court to investigate if the Eagan-based carrier is "contemplating a merger or other transaction," according to the report, which cites bankruptcy filings.

The investigation would consider whether Northwest (Pink Sheets: NWACQ - News) would pursue a merger after it emerges from Chapter 11 bankruptcy protection, which is expected to happen later this year.

Published March 1, 2007 by the Minneapolis / St. Paul Business Journal

Sounds like someone else doesn't trust NW. Go figure.

 

[jenny@nw]

Sounds like someone else doesn't trust NW. Go figure.

who does?

 

[robbedagain]

the scabs jenny are the only ones who trust nwa

 

[NewHampshire Black Bears]

Dougie Stealin' IS the original "fox in the hen house", so it makes perfect sense !!

NH/BB's

 

[Gilding the Lily]

Another sorry, last-ditch, effort to create mania surrounding merger talks.

You cannot blame the hedge funds and current shareholders though... they want a merger or, at very least, merger mania talks that will raise the current value of the company so that they can maximize their recovery before it becomes nearly valueless. (before new value for current shareholders).

 

[Don Smith]

My best is that they will exit from BK the day before a merger and screw the shareholders. THIS is Dougs way.