Airlines 01 Feb 2007 07:30 am

AirTran’s Bid for Midwest Extended One Month

by Sean Hackbarth

Midwest Airlines logo

AirTran (AAI) will extend its $345 million offer for Midwest Airlines (MEH) for another month until March 8. That could mean the low-cost airline has some takers for the deal but needs more time to get a majority. What they didn’t do is up their offer which would be hard since AirTran’s stock has gone down in the last month.

AirTran also announced Jeffrey Erickson, Charles Kalmbach and John Albertine will be nominated to Midwest’s board of directors.

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UPDATE: Midwest comments on AirTran’s slate of directors:

Midwest believes that AirTran has nominated this slate to allow AirTran’s representatives, if elected, to push for a sale of Midwest to AirTran, which would deny Midwest’s shareholders the opportunity to benefit from our strategic plan.

Duh? Why else would AirTran offer up those specific people?

One Response to “AirTran’s Bid for Midwest Extended One Month”

  1. on 01 Feb 2007 at 7:31 am 1.The American Mind » Blog Archive : AirTran’s Bid for Midwest Extended One Month » AirTran’s Bid for Midwest Extended One Month said …

    [...] AirTran isn’t giving up on buying Midwest, extending their offer for another month. Details at TAM Money and Finance. [...]

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