Summary
ATLANTA - US Airways Group Inc. dropped its $9.8 billion hostile bid for Delta Air Lines Inc. on Wednesday after a key group of the bankrupt carrier's creditors said Delta would be better off emerging from Chapter 11 on its own.
With the dual decisions, Atlanta-based Delta cleared a big hurdle in its effort to exit bankruptcy as a stand-alone company.See the full content of this document
Extract
Bid for Delta Is Dropped
"Using the bankruptcy process the right way, Delta people have...
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