Mergers

05/29/2008 -- The proposed acquisition of National Beef Packing Company and Smithfield Beef Group by Brazilian meat company JBS could have implications for Oklahoma cattle producers, OKlahoma Attorney General Drew Edmondson said today.

Oklahoma cattle: Photo by Wade (CC)

In a letter to U.S. Attorney General Michael Mukasey, Edmondson said by taking over National Beef and Smithfield, JBS will become the largest beef processor in the nation and the new company could have a significant impact on the feedlot segment of the beef industry.    » read more »

But union states that it won’t end efforts to protect pilot interests

April 28, 2008 -- HOUSTON—The Continental pilots union, represented by the Air Line Pilots Association, Int’l. (ALPA), issued a statement today after the Continental Airlines’ announcement to its employees on Sunday, rejecting a combination with another airline.

Continental Airlines handcuff kit: Photo by bug138 (CC)    » read more »

April 21, 2008 -- WASHINGTON, DC— Today, Senators Edward Kennedy, Chairman of the Health, Education, Labor and Pensions Committee, Jay Rockefeller, Chairman of the Subcommittee on Aviation Operations, Safety, and Security, and Patty Murray, Chairwoman of the Employment and Workplace Safety Subcommittee, sent the following letter to the CEOs of Delta Air Lines and Northwest Airlines, calling for the airlines to respect and include the workers and their unions in the Delta-Northwest merger talks.

Delta Airlines and Northwest Airlines jets: Photo by Cubbie_n_Vegas (CC)    » read more »

Senators Want Assurances Montana Won't Be Hurt By Mega Deal

April 15, 2008 -- (Washington, D.C.) – Montana’s U.S. Senators are reserving judgment on the impending merger between Delta and Northwest Airlines, saying they’ll oppose the deal without assurances Montana’s service and rates will be protected.

NWA jet Montana: Photo by David Moffitt (CC)

Northwest Airlines and Delta serve multiple cities across Montana. The two companies announced the planned merger Monday. The U.S. Justice Department must still approve the merger.    » read more »

Saint Paul – The following is a statement from Minnesota Governor Tim Pawlenty regarding the announced merger of Delta and Northwest.

“We will be closely scrutinizing the impact of the merger and will strongly stand up for Minnesota’s interests during the review process. Our goal will be to maintain hub operations, related levels of flight service, and the maximum number of airline jobs in Minnesota.

Northwest Airlines A330-300 at Minneapolis Airport: Photo by Mike Smail (CC)    » read more »

April 15, 2008 -- ATLANTA – Today Georgia Governor Sonny Perdue issued the following statement regarding the merger between Atlanta-based Delta Airlines and Northwest Airlines:

“Delta has long been a cornerstone of Georgia’s corporate community as well as one of our largest employers, and I am proud that the airline created from this partnership will continue to call Georgia home,” said Governor Sonny Perdue.

Delta Airlines Boeing 777: Photo courtesy Delta Airlines    » read more »

Merger helps offset record oil prices, creates stronger global airline to compete in Open Skies environment; Delta pilot leadership reaches agreement on post-merger contract

ATLANTA, Georgia and EAGAN, Minnesota – April 14, 2008 – Delta Air Lines Inc. (NYSE: DAL) and Northwest Airlines Corporation (NYSE: NWA) today announced an agreement in which the two carriers will combine in an all-stock transaction with a combined enterprise value of $17.7 billion, creating America’s premier global airline.

Delta Airlines Boeing 777-200LR: Photo courtesy Delta Airlines    » read more »