AirTran Holdings raised its bid for Midwest Air Group late yesterday, offering $16.25 per share in cash and stock, exceeding the $16 per share cash offer from TPG Capital and Northwest Airlines that was endorsed unanimously by the Midwest board Sunday (ATWOnline, Aug. 14). AirTran estimated the total value of its new offer at $445 million. "Midwest's shareholders are concerned that the acquisition of Midwest by a private equity firm, along with Northwest Airlines, will block competition, ...

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