Mesaba Shareholders Attack Northwest Offer

Law360, New York (January 9, 2007, 12:00 AM EST) -- Two shareholders of Mesaba Airlines’ parent company have blasted Northwest’s proposal to buy the bankrupt carrier, contending that the deal significantly underestimates Mesaba’s true value.

On Monday, Riley Investment Partners and Thales Fund Management revealed their feelings about the proposed Northwest sale in their objection to the unsecured creditors committee’s bid to file a reorganization plan on behalf of Mesaba.

Bankrupt Northwest revealed last week that it had reached a deal with the beleaguered carrier in which it would pay Mesaba's estate $145 million and provide...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.