Judge lift veil on bid

Article Abstract:

An Ontario court justice is expected to rule on whether an unsolicited bid for Air Canada from Cerberus Capital Management LP can be released, a move that could give New York fund increased leverage to attract creditor or support for its offer. The release of the bid is opposed by Air Canada on the grounds that it would violate the terms and agreement signed by Cerberus.

Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Financial services industry, Company acquisition/merger, Cerberus Capital Management L.P.

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Air Canada may reap big gains from U.S. merger

Article Abstract:

Air Canada may benefit if the proposed merger of UAL Corp. and US Airways Group is successful, as the company could offer service to the eastern United States through its partnership with United Airlines.

Asset sales & divestitures, Scheduled Airlines, Scheduled Air Transportation, Management, UAL Corp., US Airways Group Inc., UAL, U, United Air Lines Inc.

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