FlyerTalk Forums - View Single Post - Shareholders OK Sale to TPG
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Old Nov 7, 2007 | 6:54 am
  #14  
flyYX
 
Join Date: Feb 2007
Location: MKE
Programs: Midwest Miles, AirTran A+ Rewards
Posts: 1,445
Originally Posted by Global_Hi_Flyer
FWIW, I've been involved with a number of DOJ reviews when doing M&A... it's not a fun process, and there are occasions where the review takes so long as to kill a deal. In this case, a delay in and of itself served to ward off Airtran.
Interesting last sentence. I just wonder if this sale will ever go through now. Maybe Midwest is just buying time? Buying time for what? I do know AirTran has stated in writing that if Midwest secures a new aircraft order that they would not pursue a merger anymore. Could that be what's next?
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