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Deutsche Bank Securities acquires ACE Aviation shares
Posted on June 12, 2008
Deutsche Bank Securities Ltd. announced it has acquired 4,635,270 Class A variable votingshares of ACE Aviation Holdings Inc., becoming the second large financial company to jump on board the parent company of Air Canada in the past week.Deutsche's holdings are comprised of 3,893,700 Class Ashares, representing 9.66% of all outstanding Class A shares, and$19-million of ACE's 4.25% convertible senior notes due in 2035, which can be converted currently into 741,570additional Class A shares. When adjusted for the convertible securities, Deutsche's total ACE holdings represent 11.3% of the class. ...
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