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NORTHWEST, DELTA TO MERGE DEAL WILL CREATE THE WORLD'S BIGGEST AIRLINE.(BUSINESS)

Article from: Wisconsin State Journal (Madison, WI) Article date: April 15, 2008

Byline: HARRY R. WEBER Associated Press

ATLANTA -- Delta Air Lines and Northwest Airlines, squeezed by record high fuel prices and a slowing economy, are combining in a stock-swap deal that will create the world's biggest carrier.

The boards of both companies gave the deal the go-ahead Monday.

Delta said the combined airline, which will be called Delta, will have an enterprise value of $17.7 billion. It will be based in Atlanta, and Delta CEO Richard Anderson will head the combined company.

Under the terms of the ...

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