Originally Posted by
flyboyfreye
So what does that mean? Once TGP buys Midwest with NWAs help does it all go away? Because on MidWest's website they seem pretty lovey-dovey about "we want to keep the unique service of Midwest." But does this mean NWA takes/sells all of Midwest's assets and gets thier routes?
TPG will have the option of selling its stake in the company after 5 years...so NWA at that time could pick up the remaining stake in YX. While TPG holds YX, NWA has a "passive" interest, meaning they are supposed to not have any voting control in the company.