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TPG pays $450 million for Midwest Air Group
01 September 2007
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Midwest Air Group
TPG
AirTran
Midwest Air Group has agreed to an all-cash offer from TPG Capital to acquire all of the outstanding shares of Midwest for $17 per share. This comes after AirTran Airways' revised offer of $16.27 in cash and stock was rejected.
Under the terms of the agreement, each outstanding share of Midwest's common stock will be converted into the right to receive $17 per share in cash.
On December 12 2006,...
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