I’m kinda sorry I ever brought up the AirTran/Midwest merger, as it’s a long, long story that I’m guessing few of you care about (though if you live in Milwaukee you should care about it, because if TPG buys Midwest, you can expect Northwest, which is also part of that investor group, to make sure fares increase in that market).
Anyway, when we last checked in Midwest blew off AirTran and was ready to accept TPG’s bid. Then a major shareholder came in and said they weren’t happy with the bid, and that they should’ve accepted AirTran’s offer. Given that, AirTran has come back with better bid than TPG. Say that 5 times fast. I’ll keep you posted.