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AUSTRALIA'S PATRICK, VIRGIN GROUP IN DISPUTE OVER ASX LISTING.
SYDNEY, April 1 Asia Pulse - A dispute has erupted between Richard Branson's Virgin Group and Patrick Corp Ltd (ASX:PRK) over how they would float Virgin Blue, raising doubts about the timing of a sharemarket listing.
The Australian Financial Review says Patrick chief executive Chris Corrigan has refused a request by Sir Richard to prepare for a float, opposing calls to lower his shareholding.
"The split over the structure of the float revolves around Mr Corrigan's claim that he never agreed to a listing that would involve Patrick reducing its 50 per cent shareholding by more than five per cent," the newspaper reported.
Virgin Group wanted a float ...
- Branson lifts stake in Virgin.(Richard BransonEs Virgin Group Ltd. raised its...
- News wire article from: Australasian Business Intelligence Rochfort, Scott January 30, 2005 700+ words
...ABIX via COMTEX) Virgin Group has increased its...Australian discount airline Virgin Blue to 25.1 per cent...31 January 2005 VIRGIN BLUE HOLDINGS LIMITED - ASX VBA: VIRGIN BLUE AIRLINES PTY LTD: VIRGIN GROUP LIMITED: PATRICK...
- Virgin Blue battle still up in the air.(Patrick Corp. and Virgin Group PLC's...
- News wire article from: Australasian Business Intelligence Knight, Elizabeth February 2, 2005 700+ words
...Australian airline Virgin Blue. Patrick's offer...per share, but Virgin Group's Sir Richard...2 February 2005 VIRGIN BLUE HOLDINGS LIMITED - ASX VBA: VIRGIN BLUE AIRLINES PTY LTD...LIMITED - ASX PRK: VIRGIN GROUP LIMITED: AUSTRALIAN...
- Virgin Group rejects bid and increases stake in Virgin Blue.(Brief Article)
- Magazine article from: Airline Industry Information January 31, 2005 700+ words
...COMMUNICATIONS LTD The Virgin Group has rejected a USD1...for Australian airline Virgin Blue. The offer was made...bid had been made. Virgin Group reportedly regarded...bought 5.1m more Virgin Blue shares on 28 January...
- Corrigan and Virgin Group divided over stake in Virgin Blue.
- News wire article from: Australasian Business Intelligence April 1, 2003 700+ words
...between budget Australian air carrier Virgin Blue Airlines and its 50 per cent shareholder...believe that now may not be the time for Virgin Blue to float anyway, with rival Qantas...domestic markets, putting new pressure on Virgin Blue. Publication Date: 1 April 2003 PATRICK...
- Patrick disputes Virgin price ploy.(Virgin Blue Airlines)(Brief Article)
- News wire article from: Australasian Business Intelligence Creedy, Steve January 31, 2005 700+ words
...90 a share for airline, Virgin Blue. However, Virgin Group has bought more shares, through...CORPORATION LIMITED - ASX PRK: VIRGIN BLUE HOLDINGS LIMITED - ASX VBA: VIRGIN BLUE AIRLINES PTY LTD: VIRGIN GROUP LIMITED: CRICKET SA: AUSTRALIAN...
- Virgin's profit warning takes its toll on Patrick Corp.(Virgin Blue...
- News wire article from: Australasian Business Intelligence March 24, 2005 700+ words
...Pacific Blue, a subsidiary of Virgin Blue, is struggling to fill seats...exit from its shareholding in Virgin Blue is the Virgin Group. Sir Richard Branson has indicated...will hold its 25.6 stake in Virgin Blue. Publication Date: 24 March...
- Patrick may sell part of Virgin Blue.
- News wire article from: Australasian Business Intelligence February 4, 2003 700+ words
...its 50 stake in Virgin Blue Airlines. The Australian...Patrick and the UK's Virgin Group. On 4 February...A100m for the Virgin Blue stake. Publication...LIMITED - ASX PRK: VIRGIN BLUE AIRLINES LIMITED: VIRGIN GROUP LIMITED: SKY WEST...
- VIRGIN BLUE'S INDEPENDENT DIRECTORS SAY REJECT PATRICK BID.
- News wire article from: AsiaPulse News February 28, 2005 700+ words
...for the airline. Virgin Blue today released its...noting that the Virgin Group shareholders had...in the company. Virgin Blue chairman David Ryan...4 per cent of Virgin Blue shares and the Virgin Group 25.1 per cent...