U.S. Rejects Appeal From TWA
Associated Press
WASHINGTON —
The Reagan Administration today refused to intervene in financier Carl C. Icahn’s attempted takeover of Trans World Airlines, saying the government should not be “drawn into takeover attempts or other management disputes.”
The Transportation Department denied a request by TWA to order a halt in Icahn’s attempt to control the nation’s fifth-largest airline or begin an investigation into whether Icahn is fit to operate an air carrier.
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