The board of Midwest Air Group reviewed and unanimously rejected AirTran Holdings' third merger proposal last week, prompting the Atlanta-based carrier to label its target "irresponsible" and "delusional" in a Friday statement. Midwest Chairman and CEO Tim Hoeksema said AirTran's revised offer of $15 in cash and stock per share, which valued the company at approximately $389 million (ATWOnline, April 3), once again "does not take into account the long-term value of our strategic plan." ...

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