WisBusiness: Midwest shareholders approve sale


At a special meeting today, shareholders of Midwest Air Group, Inc. approved a merger agreement providing for the acquisition of Midwest Air Group by Midwest Air Partners, LLC, an affiliate of TPG Capital, L.P.

Under the agreement, each outstanding share of Midwest’s common stock will be converted into the right to receive $17.00 per share in cash.

The transaction, which is expected to be completed in the fourth quarter of 2007, is subject to customary conditions, including anti-trust approvals.