(Reuters) - The total equity value of the exchange offer is $389 million.
The offer represents a premium of 83 percent over the 30-day average closing price of Midwest common stock prior to AirTran's initial proposal. AirTran's first offer to acquire all of Midwest's common stock was priced at $11.25 per share on Oct. 20, 2006.
Read more at Reuters.com Mergers News
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