US Air Trying to Buy Delta For $8 Billion - AeroSpace News
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US Air Trying to Buy Delta For $8 Billion

In a classic hostile take over attempt, US Airways is trying to tempt the creditors of bankrupt Delta Airlines with an offer of $4 billion in cash and another $4 billion in stock.

Delta management is resisting the effort even though its name would likely survive if the bid by US Airways is successful.

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