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Article: Corrigan's close to landing Virgin Blue.(Virgin Blue Airlines)(Brief Article)
- Article from:
- Australasian Business Intelligence
- Article date:
- March 16, 2005
- Author:
CopyrightCOPYRIGHT 2005 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mar 16, 2005 (The Daily Telegraph - ABIX via COMTEX)
The takeover of Australian airline, Virgin Blue, is likely to be successful. Patrick Corporation, which owns 45.4 per cent of Virgin Blue, has offered $A1.90 a share for the rest of the company. On 16 March 2005, Patrick owned 49.03 per cent and has extended its offer to 22 March. The $A1.1 billion bid was launched after Virgin Blue downgraded its profit outlook for the second time in five months. Commentators feel that the airline has been acquired for a cheap price. Virgin Blue's shares closed at $A1.91 on 16 March.
Publication Date: 17 March 2005
VIRGIN BLUE HOLDINGS LIMITED - ASX
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