Beach Bum
Member
- Joined
- Feb 23, 2006
- Posts
- 21
http://www.twincities.com/ci_5751409
Hedge fund wants MAIR to drop acquisition plans
Pioneer Press
Article Last Updated: 04/25/2007 09:28:00 PM CDT
Hedge-fund manager George Schultze raised his stake in Minneapolis-based MAIR Holdings and called on the company to abandon plans for possible acquisitions. Schultze wants MAIR, which formerly owned the regional carrier Mesaba Aviation Inc., to distribute its cash to shareholders rather than do deals, according to a Schedule 13D he filed Wednesday with the U.S. Securities and Exchange Commission. He also said MAIR should hire an investment bank to sell its remaining regional airline subsidiary, Big Sky Transportation Co. MAIR said in a February regulatory filing that it would explore acquisitions to diversify both within and outside the airline industry. Mesaba emerged from bankruptcy protection Tuesday and was simultaneously purchased by Eagan-based Northwest Airlines.
Hedge fund wants MAIR to drop acquisition plans
Pioneer Press
Article Last Updated: 04/25/2007 09:28:00 PM CDT
Hedge-fund manager George Schultze raised his stake in Minneapolis-based MAIR Holdings and called on the company to abandon plans for possible acquisitions. Schultze wants MAIR, which formerly owned the regional carrier Mesaba Aviation Inc., to distribute its cash to shareholders rather than do deals, according to a Schedule 13D he filed Wednesday with the U.S. Securities and Exchange Commission. He also said MAIR should hire an investment bank to sell its remaining regional airline subsidiary, Big Sky Transportation Co. MAIR said in a February regulatory filing that it would explore acquisitions to diversify both within and outside the airline industry. Mesaba emerged from bankruptcy protection Tuesday and was simultaneously purchased by Eagan-based Northwest Airlines.
