Law360, New York (November 20, 2006, 12:00 AM EST) -- Now that the shock of US Airways’ surprise takeover bid has worn off, Delta Airlines has gone on the defensive, warning that the takeover could drastically delay its emergence from Chapter 11 protection.
The bankrupt carrier claims that, contrary to assertions by US Airways, a merger would only add to Delta’s financial problems with increased debt, job losses and potential antitrust concerns.
US Airways has brushed off the argument, claiming that the $8 billion merger would create a new, stronger airline that would raise few red...
Takeover Could Delay Ch. 11 Emergence, Delta Claims
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