Us Air Bids $8b for Delta ; Hostile Buyout Could Set Off Consolidation
The Record, Bergen County, NJ › November 16, 2006
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Summary
ATLANTA US Airways made a hostile $8 billion bid for Delta Air Lines on Wednesday, despite Delta's repeated statements that it isn't interested in a merger.
The combination of US Air and Delta would create a company with $28 billion in annual revenue, leapfrogging the airline past the current No. 1 U.S. carrier, American.See the full content of this document
Extract
Us Air Bids $8b for Delta ; Hostile Buyout Could Set Off Consolidation
The move could start a stampede of competing bids in a long- predicted industry consolidation.
The offer, however, faces many obstacles, and analysts questioned whether the deal to c...See the full content of this document
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