Severe Weather Alert Follow Us On Twitter #KCRGWX

Winter Weather Alert Follow Us On Twitter #KCRGWX

Current Alerts

Current Alerts Click to learn more

X Close

Midwest Air to Consider Buyout Offers

Meet The Team

    • Photo
    April 27, 2014 | 4:55 pm
    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.

    Featured Videos