9.2 10.96% 401

From Barron's 7-30-07:

"Octavian Management urged the company's board to immediately engage AirTran Holdings (ticker: AAI) in merger talks. Octavian Management believes that Midwest's failure to negotiate with AirTran represents "a serious breach of fiduciary responsibility." AirTran's latest offer valued Midwest at about $15 a share. More than half of Midwest's shareholders have agreed to tender their shares in favor of the bid, while the board has continually pledged that Midwest is more profitable alone. Octavian owns 1,830,800 shares (7.5%)."

The best airline ever, also serves chocolate chip cookies aboard the flight.

1

Midwest Air Group (MEH)
Octavian Master Fund believes that a buyout offer from AirTran Holdings (AAI) doesn't reflect the full value of Midwest. Octavian CEO Richard Hurowitz said that if AirTran were to materially increase its offer for Midwest to a level more reflective of the company's value, he would strongly encourage the Midwest board to immediately start negotiating toward a deal. Hurowitz believes that a merger with AirTran "makes enormous strategic sense."

Midwest's CEO and board have urged shareholders to reject AirTran's $13.25 a share offer. Octavian Master Fund holds $1,202,000 shares (5%).

Nice curve

Growth

my local hot air carrier;well respected for service ;great management;recovery from slump proceeding nicely