Part of my Delta story. Here are some other posts about Delta. 1) Delta: The Comeback Kid 2) Delta: A New Hope 3) Delta: The Last Stand

 

After much debate and discussion, the Delta takeover is finally losing its steam. CEO Doug Parker of U.S. Airways tried to sweeten the deal by increasing the bid by almost 20% to about $10.3 billion. Apparently, the bankruptcy creditors are not seeing eye to eye with Parker. Atlanta, the home base of Delta, would suffer greatly by the hostile takeover. Some sources are predicting a 17% job loss for the overall company if U.S. Airways were to acquire Delta.

Delta stock has been all over the place for the past month because of the mass explosion of media concerning the merger and other rumors. February 1^st, 2007 is going to be the big decision maker whether or not Delta will pursue actions to be bought out. From an investing stand point, this is the riskiest time to purchase Delta stock; which is currently trading for $1.15. This is just the beginning, so prepare for some turbulence. Ha! Pun intended.