Shareholders Approve Canadian Bid

[chickenman]

Just read this this morning:

http://www.nzherald.co.nz/section/1/story....jectid=10498122

I don't know what the problem is. Partial overseas ownership is not a problem per se but I do have difficultiers with a retirement fund being the owners. Unlike your bread & butter shareholders their job is to make profit to return to the Cnadian People, how will this affect future capital works programs like a second runway? At 40% shareholding they would have a pretty strong say in proceedings. I'm not saying the average shareholder is not trying to make a buck but it is not a primary source of income.

Admittedly I think that Local Authorities or Central governmant shouldn't have a majority share either, especially MCC & ACC. It will probably be easier to convince an overseas corporate to approve airport upgrades than get the government to open their pockets.

What's the general opinion of overseas ownership?

Jamie

[HardCorePawn]

its not quite that simple... apparently, while they are getting like 40% of the shares, they are only getting ~20-25% of the voting rights... so their level of 'control' is not as high as it would appear

[Alex]

And, hopefully people can see it from the average Joe shareholder (of which I'm one), who can get $3.65 per share from CPP, or $2.20ish on the market. I'll put it out there that I haven't done anything with regards to this offer, but it's (really!) easy to understand why people are supporting the CPP plan to buy their shares.

I don't really have a strong opinion about this.

Alex