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Delta acquisition of NWA almost finalized!

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luckytohaveajob

Well-known member
Joined
Nov 17, 2005
Posts
1,114
Forget the concept of merging, as this deal is all about acquisition!

DAL is buying NWA because NWA failed to play ball early in the game. The NWA shareholders have just signed off.

Notices how the AP article avoids the use of the word MERGER and instead manipulates the language with COMBO.

Yes it is a combo of DAL controlling NWA after acquiring NWA.

http://news.yahoo.com/s/ap/20080925/ap_on_bi_ge/northwest_delta_vote
 
Last edited:
Forget the concept of merging, as this deal is all about acquisition!

DAL is buying NWA because NWA failed to play ball early in the game. The NWA shareholders have just signed off.

Notices how the AP article avoids the use of the word MERGER and instead manipulates the language with COMBO.

Yes it is a combo of DAL controlling NWA after acquiring NWA.

http://news.yahoo.com/s/ap/20080925/ap_on_bi_ge/northwest_delta_vote
Yawn.....

Somebody didn't tell Reuters:

Northwest shareholders approve Delta merger

Thu Sep 25, 2008 11:25am EDT
(Adds details on the vote, quote)
NEW YORK, Sept 25 (Reuters) - Northwest Airlines (NWA.N: Quote, Profile, Research, Stock Buzz) shareholders approved the carrier's proposed acquisition by Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz), a merger that would create the world's largest carrier by traffic.
Northwest said on Thursday that 98 percent of shares voted were in support for the deal, which won the approval of roughly three-quarters of shareholders entitled to vote.
Plans call for Delta shareholders to vote in a separate meeting later on Thursday. The deal still needs regulatory approval, which is likely to come this year.
The new airline would be called Delta and have its headquarters in Atlanta.
Delta and Northwest announced their merger plans in April as the price of jet fuel rallied toward a record high.
The two carriers hope the combination of their complementary operations will produce cost savings and revenues to offset the fuel burden.
"The $2 billion in annual synergies achievable through this merger are something neither carrier could have achieved as a stand-alone carrier," Northwest Airlines CEO Doug Steenland said on Thursday.
"The combined carrier will have a stronger balance sheet and best-in-class liquidity, which will put the airline in a position of financial stability," Steenland added.
The airline industry is in rapid downsizing mode, with carriers cutting flights on less-profitable routes and eliminating staff.
Earlier this week, Delta and Northwest said the Federal Aviation Administration had accepted their plan for a single operating certificate.
Shares of Northwest were up 3 cents at $10.02 in morning New York Stock Exchange trade, while Delta rose 22 cents, or 2.7 percent, to $8.25. (Reporting by Mark McSherry and Kyle Peterson, editing by Dave Zimmerman and Lisa Von Ahn)
 
Forget the concept of merging, as this deal is all about acquisition!

DAL is buying NWA because NWA failed to play ball early in the game. The NWA shareholders have just signed off.

Notices how the AP article avoids the use of the word MERGER and instead manipulates the language with COMBO.

Yes it is a combo of DAL controlling NWA after acquiring NWA.

http://news.yahoo.com/s/ap/20080925/ap_on_bi_ge/northwest_delta_vote


You say this like no one knew that was the case? Have you been on vacation? :beer:
 
Me thinks Y'all should have negotiated before it went to that. Arbitrators won't care about the "terms" used because the deal will not have closed yet. (those pesky details)

With all the experience NWA has with arbitrations, I would still like a negotiated deal. Time will tell.
 
No kidding. We will see if the arbitrators see it as a merger or as an acquisition.

Speaking of arbitrators - Anyone going to the LAX meetings? If so - Please post your notes when you can. I'd expect the respective ALPA's to post, but one never knows anymore.

Thnx - Baja.
 
What's your point and how does it make any difference at all to the line pilot?

You're kidding, right?

Two pilot groups vying for the upper hand in a SLI and you don't think that symantics of "acquisition" vs. "merger" will be brought up?

Go jumpseat on DAL and ask the pilots how they think the SLI should go. I can guarantee that you will hear the words "acquisition" and "bought" used liberally, and the word "merger" will be absent from the conversation.
 

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