Airtran may not give up

[Eagle757shark]

Has there been any information on the court case today in New York? AirTran went to court today in New York over releasing the address' of the shareholders. Does anyone know the verdict?

 

[FlyWolf]

Has there been any information on the court case today in New York? AirTran went to court today in New York over releasing the address' of the shareholders. Does anyone know the verdict?

I think its tomorrow Eagle

 

[Lifter]

It was today

AirTran goes to court

Published January 30, 2007 - BizTimes Daily
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The New York State Supreme Court was scheduled to hear a motion from AirTran Holdings Inc. today to force Midwest Air Group Inc. to release its list of shareholders.
AirTran contends that the Oak Creek-based parent company of Midwest Airlines is violating a New York statute that requires such a list to be released. AirTran said Midwest is attempting to block AirTran from communicating with Midwest's individual shareholders.
Midwest's board of directors is urging its shareholders to refrain from selling their shares to AirTran.
Orlando, Fla.-based AirTran's latest hostile takeover offer for Midwest is worth $345 million, or $13.25 in cash and AirTran stock for each Midwest share.
"While we believe it is unfortunate that AirTran has been forced to bring this matter to a court of law, we intend to pursue this matter expeditiously as it is imperative that the Midwest shareholders be given the right to review AirTran's offer and choose for themselves the best course of action for their company," AirTran stated when it announced the lawsuit last week.
Meanwhile, Lee Holloway, chairman of the Milwaukee County Board of Supervisors, is calling for the state, county and city pension funds to consider buying additional shares of Midwest stock to help prevent AirTran's takeover.
Holloway sent a letter to Wisconsin Gov. Jim Doyle, Milwaukee County Executive Scott Walker and Milwaukee Mayor Tom Barrett, urging them to explore the options. Holloway suggested that the Wisconsin Employee Trust Fund Board could purchse 2 million Midwest shares, the Milwaukee County Pension Board could purchase 1 million shares and the Milwaukee City Annuity and Pension Board could purchase 1 million shares.
"These boards have a vested interest to keep Midwest independent and based in Milwaukee County, and would vote in the best interests of the public, while retaining a reasonable rate of return for the pension funds, based on Midwest's growth plan," Holloway wrote. "Furthermore, we could call on the business community to follow suit. Large employers in southeastern Wisconsin might also see value in this approach and could be convinced to buy additional shares of Midwst stock. After all, Midwest's business model caters to the business traveler. Perhaps the MMAC (the Metropolitan Milwaukee Assocation of Commerce) could also be an ally in this approach."
For more information about the MMAC's position, visit last week's Milwaukee Business Blog posted by SBT at OnMilwaukee.com.


But haven't heard any results

 

[FlyWolf]

ok, I say again, I think its tomorrow

 

[fletch717]

It was today

AirTran goes to court

Meanwhile, Lee Holloway, chairman of the Milwaukee County Board of Supervisors, is calling for the state, county and city pension funds to consider buying additional shares of Midwest stock to help prevent AirTran's takeover.
Holloway sent a letter to Wisconsin Gov. Jim Doyle, Milwaukee County Executive Scott Walker and Milwaukee Mayor Tom Barrett, urging them to explore the options. Holloway suggested that the Wisconsin Employee Trust Fund Board could purchse 2 million Midwest shares, the Milwaukee County Pension Board could purchase 1 million shares and the Milwaukee City Annuity and Pension Board could purchase 1 million shares.

I've got an idea. Lets all buy stock in MEH that will be worth half if this deal does'nt go. Absolutely brilliant

Not slamming Midex, just the local government morons.

 

[Ty Webb]

I've got an idea. Lets all buy stock in MEH that will be worth half if this deal does'nt go. Absolutely brilliant

Not slamming Midex, just the local government morons.

Yep . . . . maybe they should ask David Bronner, head of Alabama's Retirement System how his inverstment in USAirways panned out . . . .

 

[Lear70]

Yep . . . . maybe they should ask David Bronner, head of Alabama's Retirement System how his inverstment in USAirways panned out . . . .

Oh don't be so quick to judgment...

With how badly ole Dougie did up there on the stand, he might be finding himself in a battle to keep the pensions with the PGBC.

Check that shiznit out, it's WAY funny.

Senator: "If you can come up with $5 Billion in cash to buy a 2nd airline in a 1 year period and are set to CLEAR over HALF A BILLION IN NET PROFIT for this year, how come you couldn't pay your own employee's pensions?"

Doug: "ummmm, uhhhhh, well, you see it's about the future..."

My little birdie in DC tells me she's hearing rumors of a serious senate panel to look at how quickly they rebounded into profitability and whether they have the right to give them back their pensions but at PBGC vesting schedules.

Will at least make for entertaining TV, and maybe Bronner will get some more money out of it after all.

 

[FlyWolf]

I've got an idea. Lets all buy stock in MEH that will be worth half if this deal does'nt go. Absolutely brilliant

Not slamming Midex, just the local government morons.

Its funny, this same individual was FOR the merger when he met with Airtran management here in MKE last month.

 

[FlyWolf]

Rumors has it that there should be some kind of announcement today or tomorrow, what? have no idea, anyone in the know?

 

[mnboyev]

No Know....regular line pilot... Don't ya know der.. Too dam cold to care...gotta go chop some of dem elms while its so cold....they split better this time of year..then fire up the sauna !!!!