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Delta Air Lines Inc. has assured creditors that it won't rule out the possibility of merging with another airline after exiting from bankruptcy if it defeats a hostile takeover offer from US Airways Group Inc., according to people familiar with the situation.
To build support for its plan to remain independent, Delta appears close to agreeing with its official creditors committee on several provisions designed to clear a path toward an eventual tie-up. The parties are moving toward an accord to exclude from Delta's new corporate charter and bylaws any so-called poison pill that could pose an insurmountable hurdle to ...
WSJ-Full article available to subscribers only
To build support for its plan to remain independent, Delta appears close to agreeing with its official creditors committee on several provisions designed to clear a path toward an eventual tie-up. The parties are moving toward an accord to exclude from Delta's new corporate charter and bylaws any so-called poison pill that could pose an insurmountable hurdle to ...
WSJ-Full article available to subscribers only