Shareholders OK Delta-Northwest Merger

Shareholders OK Delta-Northwest Merger

The week of 9/25/08:

This week in the airline industry the shareholders of Delta and the shareholders of Northwest voted on the approval of their merger. The vote was nearly unanimous. The next step in the merger is getting the federal antitrust regulators to approve the deal. Although the shareholders are all in an agreement the workers of Northwest are finding it hard to accept. Many are worried about job security when the firms integrate. Atlanta Journal-Constitution reports, "If the deal goes through, Northwest shareholders will receive 1.25 shares in the new firm, to be called Delta, for each Northwest share they own."