1.
U.S. markets recover from steep losses
MONTREAL, Feb. 9 (UPI) -- The president of Air Canada's parent company said he is looking to sell a stake in the company to a wide range of possible purchasers, a report said.
ACE Aviation Holdings Inc. President Robert Milton said he could potentially sell to private equity firms, pension funds or U.S. carriers, the Toronto Globe and Mail reported Saturday.
ACE Aviation Holdings Inc. reportedly has been approached by outside purchasers who are aware of the underpricing of Air Canada shares.
"We have now been approached by private equity, by pension funds," Milton said.
Class B Air Canada shares reportedly were priced at $10.72 on the news, which is a 49 percent drop since November 2006.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
