Delta Air Lines acknowledged yesterday, after it was revealed that a shareholder is urging it to merge with United Airlines, that its board has established a "special committee. . .to review and analyze strategic options. . . including potential consolidation transactions." Pardus Capital Management, which owns 1.25% of DL's shares, sent a letter to CEO Richard Anderson and DL management this week saying it is "imperative" for the airline to "enter into a merger transaction with another ...

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