AirTran Airlines (AAI)

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AirTran makes new offer on Midwest...link...

http://www.reuters.com/article/mergersNews/idUSWEN043520070814

"AirTran raises Midwest bid to $16.25 per share
Tue Aug 14, 2007 5:03PM EDT

NEW YORK, Aug 14 (Reuters) - AirTran Holdings Inc. (AAI.N: Quote, Profile, Research) said on Tuesday it raised its offer to buy rival Midwest Air Group Inc. (MEH.A: Quote, Profile, Research) to $16.25 a share, or about $445 million overall, exceeding the value of a buyout deal accepted by Midwest at the weekend.

The move comes in response to requests from Midwest shareholders, said AirTran, which has been pursuing Midwest for several months. Two institutional shareholders have publicly encouraged Midwest to do a deal with AirTran, despite the objections of Midwest's management.

On Sunday, Midwest accepted a $16 per share buyout offer from private equity firm TPG Capital, backed by Northwest Airlines Corp."

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