US Airways yesterday raised its takeover offer for bankrupt Delta Air Lines to $10.2 billion, promising DL's unsecured creditors $5 billion in cash and 89.5 million shares of US stock, but the Delta board quickly gave a thumbs-down to the proposal, stating that "it does not address significant concerns. . .raised about the initial US Airways proposal and, in fact, would increase the debt burden of the combined company by yet another $1 billion." Delta said previously that a merged airline ...

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