The terms: Northwest shareholders will get 1.25 Delta shares for each NWA share, a total of $3.1 billion in stock. With assumed debt, the deal has a total value of $17.7 billion.
Headquarters: Atlanta, with executive offices in the Twin Cities and New York.
CEO: Richard Anderson
Roles for Northwest's leaders: CEO Doug Steenland will get a seat on Delta's board; Chairman Roy Bostock will become the new airline's vice chairman.
Hubs: The airline said it will maintain all its current hubs: Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York, Salt Lake City, Amsterdam and Tokyo.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
Comment on this story | Read all 4 comments | Hide reader comments