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Thread: US Airways boosts bid for Delta to $10.2 Billion
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Old Jan 29, 2007 | 5:51 am
  #50  
micmath
 
Join Date: Jul 2006
Location: Someplace in Florida
Programs: SPG Plat
Posts: 570
Originally Posted by sdlevi27
Looks like Parker isn't going down without a fight. Apparently they are willing to increase the bid by $1 billion to $10.8 billion:

http://www.charlotte.com/mld/charlot...s/16569080.htm

Is that extra $1 billion coming from creditors or US' bank account?
Parker said at the Senate hearing that they don't have anything even close to that in their bank account. It's all borrowed money. One more billion in debt...WOO HOO

I love this line from the DL pilots rolling billboard "CEO Doug Parker mortgaging your future!"

Looks like US is trying to do anything to get to see Delta's books.
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