TWA Undecided on Suitor
Associated Press
NEW YORK — The board of Trans World Airlines met today but recessed without making a decision on competing takeover bids for the carrier, TWA announced. Texas Air Corp. offered $26 a share in cash and securities for the airline last week, four days after investor Carl Icahn, who already owns 45.54% of TWA’s common stock, bid $24 a share in cash and stock.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
