...All of those interviewed by Knowledge@Wharton agree that it is impossible to say with certainty whether US Airways will succeed in its takeover bid.
For one thing, Delta management appears firm in its resistance to the overture. Parker's challenge is to convince Delta's creditors that his offer would leave them better off than a solo Delta emerging from bankruptcy. In addition, Corridore notes that Delta management has the exclusive right to present restructuring plans to the bankruptcy court through February 15, 2007. "As long as Delta remains resistant to the idea, it will be months [before a deal is definitively culminated or rejected]," Corridore says....
