The new Delta
April 15, 2008 at 1:48AM
The terms: Northwest shareholders will get 1.25 Delta shares for each NWA share, a total of $3.1 billion in stock. With assumed debt, the deal has a total value of $17.7 billion.
Headquarters: Atlanta, with executive offices in the Twin Cities and New York.
CEO: Richard Anderson
Roles for Northwest's leaders: CEO Doug Steenland will get a seat on Delta's board; Chairman Roy Bostock will become the new airline's vice chairman.
Hubs: The airline said it will maintain all its current hubs: Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York, Salt Lake City, Amsterdam and Tokyo.
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