Word: northwest
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Dates: during 1980-1989
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...Eastern Airlines prepared to embark on a new flight plan last week, another major carrier flew into the combat zone. In Minnesota directors of NWA, the parent company of Northwest Airlines, broke a week-long silence by rejecting a $2.6 billion takeover bid from a group headed by Los Angeles investor Marvin Davis. In spurning the $90-a-share offer, NWA Chairman Steven Rothmeier, 42, said his firm fully intends to remain independent. But Davis, whose group owns 3% of NWA's shares, vowed to press ahead with plans to acquire the company and its prize asset, Northwest, the fourth...
...Some airline-industry experts argue, moreover, that NWA is worth about $3 billion, or at least $100 per share. Analysts estimated that the company's Pacific routes and real estate holdings, including $500 million worth of property in Japan, have a value of $2 billion by themselves. Beyond that, Northwest owns more than 230 airliners and has a far-flung route system that extends from Shanghai to Stockholm...
...garner support, Davis pledged to keep NWA in Minnesota, where it has 15,000 employees, and to leave the airline intact. But that hardly reassured the company's workers, who fear that a takeover could bring belt tightening and layoffs. To protect their interests, labor unions at Northwest are opening talks with Davis and other prospective buyers...
...Peter Ueberroth's rescue plan must clear some tall obstacles. -- Northwest flies into the combat zone as oilman Marvin Davis pushes an unwelcome...
...dreadful condition of the roads Tambovskaya Pravda, the local Communist Party daily, devoted the front page to a regional party committee meeting, examining the fate of those repressed under Stalin Elections had been held for a new factory director In the town of Michurinsk, 40 miles to the northwest, an ecology rally had been organized, drawing more than 1,000 people...