(Reuters) - NEW YORK, Aug 3 - Midwest Air Group Inc said on Friday it entered into confidentiality agreements with four interested parties, allowing them to evaluate a possible transaction with the company. Midwest said on Tuesday it planned to begin talks with would-be acquirer AirTran Holdings Inc and other potential buyers. For months, Midwest, based in Milwaukee, steadfastly opposed a hostile offer by rival AirTran, saying it had more value if it remained independent.
Midwest said Tuesday that, while it had not changed its recommendation that shareholders reject the bid, it planned to start talks with AirTran, which has offered $15 a share, or about $367 million in cash and stock.
Read more at Reuters.com Mergers News
Midwest said Tuesday that, while it had not changed its recommendation that shareholders reject the bid, it planned to start talks with AirTran, which has offered $15 a share, or about $367 million in cash and stock.
Read more at Reuters.com Mergers News
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