Summary
ATLANTA -- US Airways increased the pressure on Delta Air Lines' unsecured creditors to take its buyout offer by raising the bid Wednesday nearly 20 percent to $10.3 billion. Whether the deal would survive regulatory scrutiny may be the deciding factor.
The company, based in Tempe, Ariz., also set a Feb. 1 deadline for certain conditions to be met or its entire bid would be revoked.See the full content of this document
Extract
Delta Gets $10.3b Offer for a Merger
The ball is now in the creditors' court.
The question is whether they want to take the money US Airways is offering and run the risk of a long regulatory fight, or stick with Delta's plan to emerge from bankruptcy by the middle of this year as a standalone company worth $9.4 billion to $12 billion.Daniel Gold...See the full content of this document
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