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Business
Business briefs: Midwest and Airtran
The board of directors of Midwest Air Group Inc. has rebuffed takeover offers from rival AirTran Holdings Inc.
(Courtesy photo)
The board of directors of Midwest Air Group Inc. has rebuffed takeover offers from rival AirTran Holdings Inc.
SAN FRANCISCO -

The board of directors of Midwest Air Group Inc. (MEH) has rebuffed takeover offers from rival AirTran Holdings Inc. (AAI). More than half of Midwest’s shareholders, however, have agreed to exchange their shares to AirTran for about $15 each in cash and stock if the deal is OK’d. At the company’s annual shareholder meeting three of on the board could lose seats to a slate nominated by AirTran.

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