Airline for sale
The board of directors of Trans World Airlines, the fifthlargest American air carrier, has voted to put the company on the market after a federal judge refused to block a buyout bid by a financier, Carl C. Icahn. The bid was SUS6OO million (NZ1332 million). The board said that Mr Icahn’s ?USIB (JNZ39.96) a share bid “does not reflect full value for the company”
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Bibliographic details
Press, 1 June 1985, Page 25
Word Count
67Airline for sale Press, 1 June 1985, Page 25
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