Saw this on Morningstar.com and could not find a thread related to this particular story. Somewhat confirms that shareholders are holding out for more money, perhaps.
I know this is a hot button issue here but a major shareholder quoting that the board should consider an FL offer, albeit a higher one, is a serious move in the direction of a buyout it seems.
PULSE: Octavian funds would support a higher offer for Midwest Air3-27-07 8:40 AM EDT | E-mail Article | Print ArticleNEW YORK (MarketWatch) - Octavian Master Fund and its affiliates, which own about 5% of the shares of Midwest Air Group Inc. (MEH), said in a federal filing they supported the regional airline's resistance to a takeover offer from AirTran Holdings Inc.(AAI) but would support a merger under "the right terms." If AirTran raises its roughly $318 million cash-and-stock offer, extended until April 11, "we would strongly encourage and expect the board and management team of Midwest to abide by their fiduciary duties and immediately enter into good faith negotiations to effectuate a transaction," according to Octavian's filing.