AirTran Holdings set a $431 million dollar deal for its merger with Midwest Air Group. Despite its two year fight to buy the Milwaukee-based Midwest that it even received the approval of more than half of Midwest’s shareholders, it still lost to another suitor, Nortwest Airlines.
There were some hints that the federal regulators might not approve the sale of Midwest to the winning party, but Northwest Airlines Corp. could eventually end up owning Midwest Air Group Inc., which has agreed to a $450 million buyout offer from private equity firm TPG Capital.
A Sad Love Story
Saturday, August 18, 2007
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4 comments:
Kinda reminds me of the Romeo and Juliet thing, bro! :)
Yeah bro, tragedy talaga.
Though business is business of course when it comes to things like mergers and acquisitions. Hehe.
In addition to a sad love story, it's also a survival of the fittest thing common in the travel industry
I agree Carlo. I almost forgot na I'm getting this comment from a globetrekker. :)
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