US Airways Makes Hostile Offer for Delta

[Haole Girl]

http://www.cbsnews.com/stories/2006/11/16/ap/business/mainD8LDRQA00.shtml

US Airways Makes Hostile Offer for Delta

ATLANTA, Nov. 16, 2006
By HARRY R. WEBER AP Business Writer

US Airways made a hostile $8 billion bid for Delta Air Lines on Wednesday, ignoring Delta's repeated statements that it isn't interested in a merger. The move could start a stampede of competing bids in a long-predicted industry consolidation.

Analysts said United Airlines' parent company may make its own move to acquire Delta, and takeover bids for Northwest Airlines, which like Delta is being reorganized in bankruptcy court, can't be ruled out.

[w4rma]

1. mergers = bad (nt)

[Tandalayo_Scheisskopf]

2. How in the hell...

Can US Airways, a company that has spent as long as I can remember poormouthing and sucking off the government teat, all of a sudden turn around and find $8 Billion to do some corporate raiding?

I think that this is another thing for the congressional investigation shortlist. Something ain't kosher here.

[Haole Girl]

3. In a word? Citigroup

I suppose they feel they'd have something to gain.

[rsmith6621]

5. Just Maybe......

US Air will bring back the some 2500 reservations jobs Delta OUTSOURCED to India....US Air outsourced for a year and then listened to their customers and brought it back home.....US Air also merged with America West as well last year....

[Kittycat]

4. That will teach them, for not letting moms breastfeed. Karma, LOL.

eom