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Hedge fund Octavian Global Partners, the largest institutional holder in Midwest Air Group said the airline's board should open talks with prospective buyer AirTran Holdings Inc., a regulatory filing on Monday showed.

"There should be no mistaking the fact that the board must immediately engage in constructive and good faith negotiations with AirTran," Octavian Chief Executive Richard Hurowitz said in a letter dated July 11 to Midwest CEO Timothy Hoeksema.

Who knows that Octavian had previously opposed the takeover...
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