Delta rejects US Airways bid
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- Delta Air Lines said its board has rejected an $8.4 billion acquisition bid from rival US Airways Group Inc., calling the bid "structurally flawed" and plagued by antitrust and labor issues.
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Delta Air Lines Inc.  said on Thursday it listened to a presentation by US Airways Group Inc.  on US Airways' $8.5 billion takeover offer for Delta, but repeated earlier statements that it intends to emerge from bankruptcy as a stand-alone carrier.
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Delta Air Lines Inc. took a giant step away from bankruptcy with a tentative agreement on contract concessions from its pilots. But details on the proposal reached Wednesday were withheld while it was reviewed
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Australian airline Qantas rejects a controversial $8.6bn takeover deal led by Australian bank Macquarie.
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A judge rejected a &#36;180 million concession agreement between bankrupt United Airlines  and its pilots' union on Friday, while the carrier announced it had reached a tentative giveback deal with its mechanics and was close to one with its flight attendants.
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ATLANTA -- Delta's official creditors committee threw its support behind the bankrupt airline's standalone reorganization plan on Wednesday, a decision that prompted US Airways to drop its hostile $9.8 billion bid to buy Delta.
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Australia's Qantas Airways Ltd.   rejected on Wednesday a conditional A$10.9 billion  ($8.6 billion) buyout offer led by Macquarie Bank Ltd.   and private equity firm Texas Pacific Group .
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US Airways Group Inc. UAIR.O  issued a general appeal on Tuesday to the carrier's 3,000  pilots after their union's leaders rejected proposed  concessions the company says are crucial to avert insolvency.
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Australia's Qantas Airways Ltd.  rejected a A$10.9 billion ($8.6 billion) buyout offer from a group led by Macquarie Bank Ltd.  and private equity firm Texas Pacific Group , sending its shares down 2.7 percent.
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Australia's Qantas Airways Ltd.  has rejected a conditional A$10.9 billion ($8.6 billion) buyout offer led by Macquarie Bank Ltd.  and Texas Pacific Group .
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Pilots at US Airways Group Inc. are slated hold an emergency meeting Friday, a few days after their union leadership rejected an airline proposal for significant wage and work-rule concessions.
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PLEASANTON, California The board of directors of PeopleSoft has rejected Oracle&#39;s $9.2 billion takeover bid, continuing its resistance a day after the company&#39;s own shareholders tendered more than 60 percent of stock to Oracle.
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Delta Air Lines Inc.  said  on Thursday it listened to a presentation by US Airways Group  Inc.  concerning US Airways' $8.5 billion takeover offer  for Delta, but repeated earlier statements that it intends to  emerge from bankruptcy as a stand-alone carrier.
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Delta Air Lines Inc.  on Wednesday cut its fares by up to 50 percent for travel in the continental United States, prompting fears of a new fare war and sending airline shares sharply lower.
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Delta Air Lines Inc.  said on Thursday it listened to a presentation by US Airways Group Inc.  concerning US Airways' $8.5 billion takeover offer for Delta, but repeated earlier statements that it intends to emerge from bankruptcy as a stand-alone carrier.
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Delta Air Lines Inc. DAL.N on Friday  said a group of bond holders refused to change the terms of  their securities, adding to the headwinds the airline faces as  it struggles to avoid bankruptcy.
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Aer Lingus employees reject a takeover approach from Ryanair dealing a new blow to the no-frills airlines plans.