Originally Posted by
Popeye
One difference being that there were good arguments (that have come to pass) that the market was seriously undervaluing the Sky business at the time, you dont hear anyone arguing that for Air. It is more if everything goes really really well than in 3 or 4 years there might be a chance of a dividend. Play a blinder and there might be some orange slices waiting for you in the changing shed type of thing.
Having said that, the pricing of both offers showed a lack of confidence in the businesses, or at least lack of confidence in the markets views of the businesses...
Sky cap raise was an opportunity, not so sure about Air, perhaps an opportunity to stay put?