Coming on the heels of a pilots' union meeting to discuss the possibility of industry consolidation, rumors are soaring about Delta Air Lines Inc. launching the next round. The Atlanta-based airline reportedly will ask its board for clearance to begin formal merger talks with both Northwest Airlines Corp. and UAL Corp., according to The Wall Street Journal.
However, simply because Delta's management may be eager to seek a deal, the Journal stated, doesn't mean one will happen. Nonetheless, industry insiders believe airline consolidation is inevitable, The Deal's Lou Whiteman recently noted. - Matthew Wurtzel
By Edward Schneidman, Michael Blair and David Malinger, Mayer Brown
Real estate sponsors that might wish to undertake an IPO will need to consider a wide variety of issues and begin to take action long before the first filing with the SEC.
Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'
Coming on the heels of a pilots' union meeting to discuss the possibility of industry consolidation, rumors are soaring about Delta Air Lines Inc. launching the next round. The Atlanta-based airline reportedly will ask its board for clearance to begin formal merger talks with both Northwest Airlines Corp. and UAL Corp., 
