AirTran revives bid for Midwest
Hostile offer raised to $445 million.
Midwest's stock price has risen during AirTran's pursuit, but its earnings have tumbled. In the second quarter, Midwest's profit fell 45 percent, hurt by lower fares and higher fuel costs. Midwest has said twice this year that it wouldn't meet its full-year earnings expectations.
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Press Release
Midwest Dodges Airtran Bid
An investors group that includes Northwest Airlines Corp. has offered to buy Midwest Air Group for more than $400 million, circumventing a hostile bid by AirTran Holdings Inc.
