Midwest Air Group shareholders approved the company's acquisition by Midwest Air Partners, an affiliate of TPG Capital, at a special meeting yesterday. Each outstanding share of Midwest common stock will be converted into the right to receive $17 per share in cash, MAG said (ATWOnline, Aug. 20). The transaction is expected to be completed during the current quarter. Northwest Airlines also is participating in the acquisition and reportedly will hold 49% of Midwest.
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