US Airways Raises Stakes in Delta Bid

US Airways is prepared to up the ante in its bid for Delta Air Lines. The Wall Street Journal says the $10.8 billion bid is aimed at Delta's creditors, who have remained unimpressed with previous offers.

Copyright © 2007 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

RENEE MONTAGNE, host:

Our business news starts with a higher bid for Delta.

U.S. Airways really wants Delta Airlines, and according to the Wall Street Journal, it's prepared to come up with another billion dollars to get it. The new $10.8 billion offer is aimed at Delta's creditors who have a big say on any deal, and so far they're not sold.

It's the second time U.S. Airways has upped its bid for Delta, and according to the Journal, this could be the final offer. This week is the deadline for Delta to respond to that offer.

Copyright © 2007 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.