Posted AT 6:00 AM EST on 24/07/08
Where have all the good buyers gone?
Robert Milton spent his first few months as
Air Canada's top executive fending off a hostile advance from a buyout firm. Later on, private-equity money helped him get the airline out of bankruptcy protection.
But where, oh where, are the takeover artists with their chequebooks now, when you really need them?
“Believe me, everyone has looked hard at Air Canada,” says one seasoned private-equity investor.
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