Midwest says accepts $17/shr offer from TPG Capital
Fri Aug 17, 2007 12:34AM EDT
NEW YORK, Aug 17 (Reuters) - Midwest Air Group (MEH.A: Quote, Profile, Research) on Friday said it accepted a $17 per share offer from private equity firm TPG Capital, LP to acquire the company, ending a bidding war for the airlines that also included AirTran Holdings (AAI.N: Quote, Profile, Research).
Midwest said TPG's all-cash offer, for about $450 million in total, was superior to AirTran's $16.27 per share cash-and-stock offer.
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Fri Aug 17, 2007 12:34AM EDT
NEW YORK, Aug 17 (Reuters) - Midwest Air Group (MEH.A: Quote, Profile, Research) on Friday said it accepted a $17 per share offer from private equity firm TPG Capital, LP to acquire the company, ending a bidding war for the airlines that also included AirTran Holdings (AAI.N: Quote, Profile, Research).
Midwest said TPG's all-cash offer, for about $450 million in total, was superior to AirTran's $16.27 per share cash-and-stock offer.
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