Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
Milwaukee, Wis.

Midwest shareholders approve sale

Go Deeper.

Create an account or log in to save stories.

Log inCreate a free Account

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Show me!

(AP) - A majority of Midwest Air Group's shareholders Tuesday approved a $450 million buyout by private equity firm TPG Capital.

Shareholders approved the sale at a special meeting in the company's hometown of Milwaukee.

The sale is still under antitrust scrutiny because the deal includes rival Northwest Airlines as a passive investor. Northwest's stake in the airline would be 47 percent.

Midwest agreed in August to be bought by TPG Capital for $17 a share in cash. It has about 26.6 million shares outstanding. The TPG deal follows months of escalating offers from rival AirTran Holdings, the Florida based operator of AirTran Airways.

(Copyright 2007 by The Associated Press. All Rights Reserved.)