Somebody correct me if I'm wrong on this..
I heard that the TWA deal was considered an 'aquistition' and not a flat out 'purchase' due to TWA being chapter 11 and borderline chapter 7 at the time the deal went through.
If that's the case, in an 'aquistion', prior contracts do not have to be honored.
I heard that the TWA deal was considered an 'aquistition' and not a flat out 'purchase' due to TWA being chapter 11 and borderline chapter 7 at the time the deal went through.
If that's the case, in an 'aquistion', prior contracts do not have to be honored.