Mesaba Airlines Is Set To Climb Higher

When Northwest Airlines, the world's fourth-largest, offered in early November to buy the parent of regional carrier Mesaba Airlines, the shares of Mesaba Holdings (MAIR) soared from 10 to 13 5/8. Northwest already owns 28% of Mesaba, with two seats on its board. The regional carrier has formed a panel to study the offer. Mesaba has yet to accept or reject, and its stock is still hovering around 13.

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