Originally Posted by
BlueHorseShoe2000
$17 per share.
The other thing to remember about the NWA/TPG deal is that neither party has to seek outside financing for the deal. AirTran, on the other hand, had provisions in their proposed buy-out agreement that allowed them to walk away from the deal if they were unable to secure financing at attractive terms.
Exactly why the AirTran deal would have ultimately failed if they won the bid for YX. Attractive financing terms have dried up in recent months.