We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

US Airways To Push On With Hostile Delta Bid

Law360 (December 21, 2006, 12:00 AM EST) -- US Airways plans to push on with its $8.4 billion hostile bid for bankrupt rival Delta Air Lines, dismissing antitrust concerns as unfounded and scoffing at Delta’s projection that it will be worth as much as $12 billion when it emerges from bankruptcy.

“We think their valuation is way out of whack,” US Airways Chief Executive Doug Parker said Thursday during a conference call with analysts and reporters.

By US Airways’ estimates, Delta's stand-alone plan values Delta at $5.5 billion to $6.9 billion, Parker said during...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.