AirTran Holdings, Inc., the parent of AirTran Airways, announced that it has mailed to Midwest Air Group shareholders the following letter outlining why shareholders should elect AirTran's three nominees as Midwest directors at the annual meeting of Midwest shareholders on June 14, 2007. AirTran urges shareholders to vote FOR its nominees -- Jeffrey Erickson, Charles Kalmbach and John Albertine -- on AirTran's BLUE proxy card promptly.http://biz.yahoo.com/prnews/070524/nyth001.html?.v=68The letter comes a day after a shareholders activist group called CtW Investment Group issued a statement urging Midwest management to enter into negotiations with AirTran to complete a deal. It cited the majority of shares tendered in favor of AirTran as one reason why negotiations would be preferable.CtW Investment, which has offices in Washington, D.C., and New York City, represents pension funds sponsored by unions affiliated with Change to Win, a federation representing more than 6 million North American workers. It said it will urge pension funds to vote for AirTran's nominees unless Midwest agrees to negotiate a transaction.In a regulatory filing Wednesday, Midwest released a copy of a memo to its employees informing them of the reasons why the company is rejecting AirTran's offer. The memo included the note that was sent to shareholders explaining Midwest's stance.http://biz.yahoo.com/bizj/070525/1468628.html?.v=1FuskieWho notes we are only a couple weeks away from resolution...
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