TWA Bids to Take Over Ozark
- Share via
Associated Press
NEW YORK — The parent company of Ozark Airlines said today that it had received a $224-million takeover bid from the much-larger Trans World Airlines, which itself was the subject of a bitter acquisition struggle last year.
St. Louis-based Ozark Holdings Inc. said its board of directors was meeting to consider the bid by New York-based TWA, which also has major operations in St. Louis. With approximately 11.77 million Ozark shares outstanding, the offer is worth about $224 million.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
