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BigTom
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Joined: 21 Mar 2007
Posts: 271
Location: Dubai, UAE
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 Posted: Thu May 03, 2007 4:34 pm Post subject: Deccan Aviation, UB Group deny merger moves |
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http://www.domain-b.com/aero/20070503_deccan_aviation.htm
| Quote: | Bangalore: UB Group and Deccan Aviation Ltd have denied media reports that Kingfisher Airlines Ltd may pick up a stake in Air Deccan, according to a Bloomberg report.
The report quotes Vijaya Menon, head of corporate communications at Deccan, as saying that there was no merit in the report, and also, that the proposed merger did not reflect any synergy. The report also says that Ravi Nedungadi, president and chief financial officer of the UB Group, has denied reports that there were any talks between the two organizations.
The denials come on the back of persistent media reports that Kingfisher, controlled by Bangalore-based UB Group, was in negotiations with Deccan to buy either a controlling stake or the entire airline. |
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andrew
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Joined: 24 Apr 2007
Posts: 212
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| Posted: Thu May 03, 2007 4:45 pm Post subject: |
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I recall that when Air Sahara first went into play, Jet was very quick to deny any discussions and indicated it had very littel interest in procuring Air Sahara......
I still dont get the fit between IT and Deccan. They are poles apart. One is a marginally low cost and consequently low price service provider (Deccan) the other (IT) is a very high cost, but low price service provider. Both have strategies of questionable sustainability.....
But hey, its fun to watch. |
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himmat01
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Joined: 19 Dec 2006
Posts: 1392
Location: DEL
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| Posted: Thu May 03, 2007 4:57 pm Post subject: |
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I am flying to DEL from BLR on May 23rd and returning on May 26th. The fare offered for BLR-DEL-BLR by DN is Rs. 10298.00. The fare offered by Kingfisher is Rs. 8450.00.
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BigTom
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Joined: 21 Mar 2007
Posts: 271
Location: Dubai, UAE
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| Posted: Thu May 03, 2007 5:00 pm Post subject: |
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A lot of this seems to be pure speculation by our media. There was an interview with both VM and Gopinath speaking about each other, which is probably what set this off in the first place.
Cheers |
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andrew
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Joined: 24 Apr 2007
Posts: 212
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| Posted: Thu May 03, 2007 5:00 pm Post subject: |
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| My point precisely. Alright guys bets open: Do I hear a INR 10k bet IT will shut shop within 24 months? |
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the_380
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Joined: 19 Dec 2006
Posts: 2329
Location: Mumbai, India
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| Posted: Thu May 03, 2007 5:13 pm Post subject: |
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Cheers mate Andrew 
IT has a lot of irritating attitude towards the passengers....yeah they do treat people flying IT First with a little more respect...but its only a little more....
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HAWK21M
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Joined: 19 Dec 2006
Posts: 8132
Location: Mumbai, INDIA
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| Posted: Thu May 03, 2007 5:34 pm Post subject: |
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Most Mergers/takeovers have been denied earlier 
No one wants the Share prices dropping.
regds
MEL
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COUGAR
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Joined: 01 Jan 2007
Posts: 986
Location: Bangalore
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| Posted: Fri May 04, 2007 10:48 am Post subject: |
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MEL: In this case that wont be the case: since DN is the listed company and can only gain with rumors of a UB interest.
Especially becoz it comes on the tails of rumors of other parties like Reliance-ADAG, a certain former maharaja from the South and a textile group also from the south rumored to be looking at a stake.
More interest usually translates into a better valuation!
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HAWK21M
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Joined: 19 Dec 2006
Posts: 8132
Location: Mumbai, INDIA
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| Posted: Fri May 04, 2007 1:10 pm Post subject: |
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| COUGAR wrote: | MEL: In this case that wont be the case: since DN is the listed company and can only gain with rumors of a UB interest.
Especially becoz it comes on the tails of rumors of other parties like Reliance-ADAG, a certain former maharaja from the South and a textile group also from the south rumored to be looking at a stake.
More interest usually translates into a better valuation! |
What I meant.Was if denying shows Organisation strength so does Merger not takeover
remember the GoAir rumour floating around.
regds
MEL
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