Monday, August 07, 2006

should've taken the money and ran...

Just a snippit of the burgh's economic history via The Deal's Blog . It was exactly 5 years ago that a mysterious buyer, Emil Bernard, offered to buy the nearly bankrupt US Airways. Problem was that the potential buyer had no known assets with which to buy the company. A few years later the SEC would sue the poor fellow for making fake offers like that. The question is... if I just decided one morning to go issue a press release saying I was going to buy say, Alcoa... would someone in the media take me seriously at all? I hope not, but you wonder. If it's a slow news day, you never know.

Looking forward, it's worth noting the stories that went by last week that said the possibility of further US Airways mergers was contemplated, albeit briefly. Could still happen... Delta? Northwest?


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