After the Aug. 16 deadline, a motion was made to give AirTran, and TPG if appropriate, a last chance to increase their offers before the board made its final decision.
That motion was defeated 6-3, with the three votes in favor coming from three directors nominated by AirTran. They had taken their seats in June.
The board then unanimously approved the TPG-Northwest deal.
Midwest shareholders of record on Sept. 24 will get to vote on the TPG deal. A date for a special shareholders meeting on the sale has not been set.
Midwest and TPG Airline officials said they expected the deal to close in the fourth quarter.
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