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Delta and Northwest agree to merge in $17.7 billion deal

SAN FRANCISCO (MarketWatch) — Delta Air Lines Inc. and Northwest Airlines Corp. said Monday they’ve agreed to merge in a deal worth $17.7 billion, creating the world’s largest airline by traffic. Delta and Northwest said in a prepared statement that the all-stock transaction will create a combined company headquartered in Atlanta, and headed by current Delta Chief Executive Richard Anderson. Seven members of the new board will come from Delta, and five from Northwest, the companies said. The companies said the deal will create “a more resilient business model” better able to withstand high fuel prices and foreign competition. The deal is still subject to shareholder and regulatory approval, the companies said.
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Original post by Forextvblog

This entry was posted on Monday, April 14th, 2008 at 8:44 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Delta and Northwest agree to merge in $17.7 billion deal”

  1. Delta and Northwest agree to merge in $17.7 billion deal Says:
    April 14th, 2008 at 9:37 pm

    […] info wrote an interesting post today onHere’s a quick excerptSAN FRANCISCO (MarketWatch) — Delta Air Lines Inc. and Northwest Airlines Corp. said Monday they’ve agreed to merge in a deal worth $17.7 billion, creating the world’s largest airline by traffic. Delta and Northwest said in a prepared … […]

  2. Forex » Delta and Northwest agree to merge in $17.7 billion deal Says:
    April 14th, 2008 at 10:49 pm

    […] Forex News wrote an interesting post today onHere’s a quick excerptDelta and Northwest agree to merge in $17.7 billion deal April 14th, 2008 SAN FRANCISCO (MarketWatch) — Delta Air Lines Inc. and Northwest Airlines Corp. said Monday they’ve agreed to merge in a deal worth $17.7 billion, creating the world’s largest airline by traffic. Delta and Northwest said in a prepared statement that the all-stock transaction will create a combined company headquartered in Atlanta, and headed by current Delta Chief Executive Richard Anderson. Seven members of the new b […]

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