Printer Friendly

No Deal with Icahn, Says Machinists Union.

WASHINGTON, March 2 /PRNewswire/ --

Robert Roach Jr., General Vice President for the Machinists union, issued the following statement today regarding additional bids to purchase TWA:

"It has been reported the Machinists union is working with a group of investors calling themselves 'TWA Investors Group,' a newly formed entity with ties to billionaire investor and former TWA owner, Carl Icahn."

"We are prepared to review all legitimate proposals regarding TWA, with the exception of those that include Mr. Icahn, who recently terminated pension plans for 16,000 IAM members at TWA. For representatives of the TWA Acquisitions Group to imply that the Machinists are involved in any way with their bid is a bold face lie."
COPYRIGHT 2001 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 2, 2001
Previous Article:Log On America, Inc. Conference Call Broadcast Alert.
Next Article:Elbit Systems Adopts US GAAP.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters