Manufacturing Industry
Delta and Northwest stockholders vote in favour of merger
Airline Industry Information, Sept 26, 2008
AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD
Delta Air Lines (NYSE:DAL) and Northwest Airlines (NYSE:NWA) have announced that shareholders of both airlines have approved the proposed merger of the companies.
Shareholders of Delta approved the issuance of 1.25 shares of Delta common stock for each outstanding share of Northwest stock, which will be distributed upon the closure of the merger.
Around 99% of Delta stockholders approved the proposed merger, while over 98% of Northwest stockholders voted in favour of it.
An amendment to Delta's employee compensation programme was also approved by about 92% of Delta stockholders.
In April of this year Delta announced plans for a merger with Northwest in an all-stock transaction that would create a new company called Delta, headquartered in Atlanta.
((Comments on this story may be sent to aii.feedback@m2.com))
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics



