04/14/2008: Delta Air Lines Inc. (NYSE:DAL) / Northwest Airlines Corp.

2008 M&A Deals You Should Know – Delta / Northwest Airlines

Delta Air Lines, Inc. and Northwest Airlines, Inc. merged, creating a premier global airline with service to nearly all of the world’s major travel markets.

“The airline industry faces a very difficult economic environment around the world and this merger gives Delta increased flexibility to adapt to the economic challenges ahead,” said Delta CEO Richard Anderson. “With much of the work to bring our airlines together well under way, the new Delta will be at the front of the pack in achieving the benefits of consolidation and is well positioned to navigate the tough waters ahead in a difficult economy.”

With the completion of the merger, Northwest Airlines is now a wholly owned subsidiary of Delta.

Investment banks involved:

Greenhill, JP Morgan, Merrill Lynch, Morgan Stanley