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AirTran, Midwest merger cookie crumbles
AirTran's $431 million takeover bid for Midwest Airlines — beloved by regular passengers for its Signature Service that includes chocolate chip cookies baked fresh onboard — has expired. No doubt good news for the folks over at Save the Cookie, a campaign that rose to petition the takeover attempt. And Midwest already has other plans cooking. The company said instead it's going to move ahead with an all-cash offer from TPG Capital. The private equity firm formerly known as Texas Pacific Group is offering $16 per share for Midwest.
Posted on August 13, 2007 5:58 AM PT | Permalink
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