US Airways (NYSE: LCC) withdrew its offer to merge with Delta Air Lines Inc. (OTC: DALRQ).
The board, with its legal and financial advisors, reached its conclusion after careful consideration — which included a thorough review of the AirTran offer, the various alternatives available to Midwest and Midwest’s strategic plan.
Offer Valued at $12.7 to 15.4 Billion and Set to Expire on February 1, 2007 Absent Creditor Support