Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers N > Headlines for Northwest Airlines Corp. > News item |
Delta, Northwest shareholders to vote Sept. 25 on proposed merger
By Lisa Kerner
Charlotte, N.C., July 11 - Delta Air Lines Inc. will hold a special meeting of stockholders at 2 p.m. ET on Sept. 25 to vote on the issuance of Delta common stock to Northwest Airlines Corp. stockholders in the proposed merger of the two airlines.
Record date for the meeting is July 29.
Stockholders will also be asked to vote on an amendment to the Delta 2007 Performance Compensation Plan, a Delta news release stated.
Northwest Airlines shareholders will also vote on the proposed merger at the company's annual meeting on Sept. 25 in New York at a time yet to be determined, it was announced on Friday.
In April, Atlanta-based Delta and Northwest, located in Eagan, Minn., announced plans to merge in an all-stock transaction with a combined enterprise value of $17.7 billion.
Combined, Delta and Northwest will have more than $35 billion in total annual revenues, operate a mainline fleet of nearly 800 aircraft and employ about 75,000 people worldwide, the companies noted.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.