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." ...
"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.