Hammer From United States of America, joined Jul 2001, 689 posts, RR: 2
Reply 1, posted
Wed Feb 13 2002 01:19:55 UTC (13 years 3 weeks 11 hours ago) and read 1486 times:
they are two companies...run by different people
UA752 From United States of America, joined Jan 2001, 142 posts, RR: 2
Reply 2, posted
Wed Feb 13 2002 01:51:59 UTC (13 years 3 weeks 10 hours ago) and read 1461 times:
Zeus01 From United States of America, joined May 2001, 744 posts, RR: 2
Reply 3, posted
Wed Feb 13 2002 02:26:12 UTC (13 years 3 weeks 10 hours ago) and read 1446 times:
Two companies, BUT:
NWA owns over 50% of the preffered stock, giving them a huge edge on electing who runs the company. THe have anti trust immunity though, allowing them to codeshare all their flights.
NW also owns a lot of preffered stock with Continental.
Tripple7 From Netherlands, joined Aug 1999, 539 posts, RR: 0
Reply 4, posted
Wed Feb 13 2002 11:23:13 UTC (13 years 3 weeks 1 hour ago) and read 1399 times:
As far as I know....NW does not own any stock in KLM. If so, can you tell me when they got it?
Keesje From , joined Dec 1969, posts, RR:
Reply 5, posted
Wed Feb 13 2002 18:04:54 UTC (13 years 2 weeks 6 days 18 hours ago) and read 1370 times:
KLM "owned" Northwest.
"Despite the discord that led KLM to agree to divest its financial interest in Northwest last year, the investment has been a good one for the Dutch airline. Northwest will pay KLM $1.1 billion over the next three years to buy back its 19% stake."
Puts things in perspective ..
I think good personal & business relations can make an alliance work, not "owning" each other.
Lj From Netherlands, joined Nov 1999, 4514 posts, RR: 0
Reply 6, posted
Wed Feb 13 2002 19:25:54 UTC (13 years 2 weeks 6 days 17 hours ago) and read 1356 times:
It's impossible that either KLM or NWA owns more than 25% in eachothers stock (regulations). However KLM doesn't own NWA stock and vice versa.
Moreover NWA doesn't own any preferred stock in CO as this has been converted into common stock (and the stake isn't very large as NWA sold a lot last year).
TWFirst From Vatican City, joined Apr 2000, 6346 posts, RR: 51
Reply 7, posted
Wed Feb 13 2002 19:53:54 UTC (13 years 2 weeks 6 days 16 hours ago) and read 1341 times:
You are correct Lj. I believe NW owns no more than 5% of CO stock, and retains veto power over any potential CO merger.
An unexamined life isn't worth living.