Midwest Wins Court Skirmish; Airline Needn't Reveal List of Shareholders, Judge Rules

Summary

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Midwest Air Group Inc. does not have to provide a list of its shareholders to spurned suitor AirTran Holdings Inc., a New York trial judge has ruled.

AirTran is seeking the shareholders list as part of its hostile takeover bid of Oak Creek-based Midwest Air, corporate parent of Midwest Airlines and Midwest Connect. AirTran has been contacting institutional shareholders to promote its $13.25-per-share takeover bid, and the Orlando, Fla.-based company argued in a lawsuit that Midwest Air is required by New York state law to provide a list of all its owners.

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Extract

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Midwest Wins Court Skirmish; Airline Needn't Reveal List of Shareholders, Judge Rules

AirTran plans to appeal the ruling, which company spokesman Tad Hutcheson said "surprised and disappointed"...

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