• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / News / Midwest Airlines battles against a takeover

Midwest Airlines battles against a takeover

December 15, 2006 By WRN Contributor

Milwaukee based Midwest Airlines is putting up a fight to keep a discount airline from gobbling them up in a take-over bid.

The Midwest Airlines board rejected the latest multi-million dollar merger offer from discount airline AirTran at 11-dollars 25 cents a share. But Midwest is publicly traded and the shareholders hold the key.

Joe Boucher, who teaches business law at the UW-Madison School of Business, says the shareholders can override the board and decide to sell anyway if the price is right.

Boucher says it also depends on who owns the most shares. Someone who bought shares years ago and believes in the Midwest story of a Wisconsin based company that did well selling service will have a different view than someone who just bought shares a few weeks ago hoping to make a quick buck. 

AirTran says it needs Midwest to expand its operations into the region. They're promising not to get rid of Midwest employees or the award winning service including chocolate chip cookies served on board. Midwest Executives claim AirTran is making promises it can't keep.

Most analysts expect AirTran's price per share offer to go up and that may be what Midwest shareholders really want.

 

AUDIO: Jim Dick reports ( 1:05 MP3 )

Share this:

  • Facebook
  • Twitter

Filed Under: News



Featured Stories

Wisconsin Volleyball Pauses Team Activities

Big Ten Changes Men’s Ice Hockey Tournament Dates

Marquette earns non-conference win at North Carolina (AUDIO)

Teachers to begin getting vaccinated March 1 in Wisconsin

Assembly approves bill to allow DWD to update computers

TwitterFacebook

Sports Headlines

Wisconsin Volleyball Pauses Team Activities

Big Ten Changes Men’s Ice Hockey Tournament Dates

Marquette earns non-conference win at North Carolina (AUDIO)

Bucks extend win streak to three

Antetokounmpo, Middleton lead Bucks past Kings

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2021 · Learfield News & Ag, LLC