Company Watch - Midwest Airlines.Oct 1, 2007 Midwest Airlines' recent sale to investment firm TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général Capital will result in hefty payouts of stock and cash to carrier executives, the Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. reported. Chairman Tim Hoeksema reportedly will receive more than $10 million in cash and stock while VPs Carole Skornicka and David Reeve are in line for $1.6 million each. CFO See Chief Financial Officer. Curtis Sawyer and VP Scott Dickson will receive about $1 million each. Northwest Airlines is the largest shareholder in the TPG acquisition. Sep 26, 2007 The sale of Midwest Air to TPG Capital will trigger the immediate vesting of stock options worth millions of dollars for top executives and directors, the airline revealed in a recent regulatory filing. Rank and file employees may benefit as well: In 2002, all Midwest employees received stock options at about $2 per share. Those options can now be exercised at $17 per share. Sep 24, 2007 Midwest Air, trying to hold off a takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares by AirTran, reached out to other potential investors in the months leading up to the offer from Northwest and TPG. "Over the course of the next several months, we contacted a number of potential strategic partners," Midwest said in SEC filings. The airline didn't name companies other than TPG and Northwest. Sep 28, 2007 Northwest Airlines and Midwest Airlines
Midwest Airlines is an American scheduled passenger airline based in Milwaukee, Wisconsin, operating from General Mitchell International Airport. in November expect to implement a codeshare agreement Code sharing is a business term which was first originated in the airline industry in 1990 when the Australian airline, Qantas Airways and the US's American Airlines combined services between an array of US domestic cities and Australian cities. , adding "250 citypairs and more than 1,000 new flight options" to customers of both carriers. Sep 24, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new real-time service that keeps travelers informed on flight and airport status, delays, security wait times via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group. All rights reserved. |
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