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Will Texas Pacific Buy United?

Jan 10th, 2005 | By

The NY Times reports that a judge’s ruling on Friday rejecting United’s deal with its pilots union may have opened the door for bidders for the carrier.  Part of the deal with union had included a provision that basically forbade outside bidders from buying United.  When the judge struck down that provision as "inappropriate" it made a takeover considerably easier for potential suitors.  One of those suitors, the article notes, is Texas Pacific Group, which has a controlling stake in US Airways.  They are a glutton for punishment, it seems.

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