AirTran has been trying to acquire Midwest Airlines for two years now in a hostile takeover bid.
But it looks like Northwest Airlines has swooped in, instead.
Less than an hour after AirTran abandoned its bid for Midwest, TPG Capital, an investment group that includes Northwest, bought Midwest for $400 million.
Northwest, which has a hub in Memphis, has said it will not be an active manager of the airline. No word on whether this will mean more flights to and from hotspots such as Kansas City, but maybe — just maybe — Midwest will share its signature Chocolate Chip cookie recipe with Northwest.
For more, read the Atlanta Journal-Constitution article.
