|Quoting C010T3 (Thread starter):|
I was wondering why NW don't sell their golden shares in CO. They need the cash and I'm sure that there would be many buyers interested. It would be a start for a UA/CO deal for example.
|Quoting Lincoln (Reply 1):|
I could very well be wrong, but I don't beleive the so-called "golden share" (there's only one) can be transfered; even if it could be I have doubts about how valuable it is (IIRC, it has no intrinsic voting rights of its own and doesn't represent a significant ownership interest -- just the ability to veto a merger/acquisition).
|Quoting Sllevin (Reply 2):|
Part of the short reason is that NW really needs CO to remain a significant airline. I'm speaking from a route stanpoint, of course.
Losing CO as a partner would be a double whammy -- the CO+partner would represent a stronger competitor that CO and a standalone other airline are now, *and* NW would be weakened at the same time. So NW isn't going to be quick to approve anything that hurts them and helps a competitor at the same time.