US Airways' Delta Bid Up In Air As Deadline Looms

Law360, New York (January 30, 2007, 12:00 AM EST) -- The drama continues on all fronts as the deadline for US Airways Group’s bid for Delta Air Lines Inc. approaches. Delta is determined to go it alone; its creditors are pleading for a postponement of a hearing on the matter; and US Airways has said no to both raising its offer and post-bankruptcy merger talks.

US Airways disclosed on Jan. 10 that it had raised its unsolicited offer for Delta by 20%, or $1.7 billion, though CEO Doug Parker said two weeks earlier that his company...
To view the full article, register now.