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Republic Buying Midwest Airlines



AirTran Holdings Inc., made a hostile takeover bid of $78 million for Midwest in June 2005. AirTran raised its offer several times, and by August 2007 it had an estimated $445 million on the table. Each offer was rejected.

Fort Worth, Texas-based TPG Capital ultimately bought Midwest for about $450 million in January 2008, including a minority stake held by Northwest Airlines, which Bedford said is also selling its shares.