Discount carrier AirTran Holdings Inc. is seeking a court order to force Midwest Air Group Inc. to release its shareholder list, AirTran's latest effort in its hostile bid for the regional carrier.
AirTran said Midwest management won't release its list of shareholders, whom AirTran is trying to woo with a sweetened $345 million cash-and-stock buyout offer. Midwest earlier rebuffed takeover overtures from AirTran.
AirTran said the New York State Supreme Court has set a hearing on Jan. 30 on the matter.
A representative of Midwest was not immediately available for comment.
AirTran shares dropped 61 cents, or 5.2 percent, to $11.16 in afternoon trading on the New York Stock Exchange on an overall down day for airline stocks. AirTran's shares have ranged between $9.06 and $18.85 over the past year.
Midwest shares fell 23 cents, or nearly 2 percent, to $13.05 on the American Stock Exchange, where they have ranged between $4 and $14.15 over the past year.
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