Word: davises
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
As Eastern Airlines prepared to embark on a new flight plan last week, another major carrier flew into the combat zone. In Minnesota directors of NWA, the parent company of Northwest Airlines, broke a week-long silence by rejecting a $2.6 billion takeover bid from a group headed by Los...
NWA's rebuff last week was the latest in a series of dogfights between the company and its suitors. The maneuvering began on March 28, when NWA announced that another investment group had amassed a 4.9% stake in the company and might make a takeover bid. NWA promptly rejected the...
But the offer faces choppy weather. Davis, a billionaire oilman, acknowledges that the buyout hinges on whether he can raise enough cash. While he claims that he can, several of his highly publicized takeover attempts have fallen through. Among them: his $3.8 billion bid for CBS in 1986. Some airline...
To garner support, Davis pledged to keep NWA in Minnesota, where it has 15,000 employees, and to leave the airline intact. But that hardly reassured the company's workers, who fear that a takeover could bring belt tightening and layoffs. To protect their interests, labor unions at Northwest are...
NWA, however, has little interest in selling out. The company's arsenal includes a rare bipartisan alliance of Minnesota leaders, who last week declared their intent to send Davis packing. Said Governor Rudy Perpich: "This will be all-out war as far as the state of Minnesota is concerned." The...