Midwest Air to Consider Buyout Offers

MILWAUKEE (AP) - Midwest Air Group says it will consider a new
offer by rival AirTran Holdings Inc.

On Tuesday, the operator of low-cost AirTran Airways put in a $16.25 per share bid for the Milwaukee-based operator of Midwest Airlines. That makes the deal worth about 445 million dollars.

The offer comes as Midwest prepares to make official a deal to sell to TPG Capital, a private investment group that includes Northwest Airlines.

TPG made a $16 per share offer on Sunday to buy Midwest. Midwest
has said it expected to reach a final deal with the company Wednesday.

But AirTran has been courting Midwest for two years and president Bob Fornaro says today it wants to see the deal through.
facebook twitter email alerts you tube hooplanow