NW Closes Mesaba Deal

Northwest (NWACQ) closed its deal to make Mesaba a wholly-owned subsidiary. (RAN, January 15, p.5) The deal calls for Northwest to sell its 28 percent stake in MAIR Holdings (MAIR), Mesaba's parent company, for $35 million in trade for the MAIR's Mesaba shares. Mesaba retains its claim of $145 million it...

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