(Reuters) - CHICAGO, April 13 - Midwest Air Group Inc. , parent of Midwest Airlines, said on Friday its board recommended shareholders reject AirTran Holdings Inc.'s revised offer to buy Midwest.
The board called AirTran's offer of $15 per share, or about $389 million, "inadequate." The bid consists of $9 in cash and 0.5842 shares of AirTran common stock for each Midwest share.
Read more at Reuters.com Mergers News
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