Wrong. Delta was Company C. "In addition, as of such date, Company C had not expressed any willingness to submit an indication of interest in connection with a potential acquisition of the Company. Company C also informed the Company that it believed regulatory approvals would be lengthy and difficult to obtain in connection with its acquisition of the Company." https://www.sec.gov/Archives/edgar/data/1614436/000119312516552219/d179667dprem14a.htm
Originally Posted by
fifidriver
Delta pulled the bid after running up the price. They weren't as stupid and desperate as Alaska to spend a ton of money on Alaska. I am guessing that was their plan all along, some kind of longterm master plan.