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Arrow Air Holdings Sells to MatlinPatterson

Private equity firm had been eyeing aviation buys prior to making majority investment in international cargo shipper.

RoadLink Buys CP Ships Division

The Fenway Partners portfolio company anticipates a beneficial agreement with Fastfrate, another Fenway company.

Track Changes

Activist investor The Children's Investment Fund is claiming victory in its proxy fight against railroad operator CSX Corp., although thanks to a recent court ruling, other activists could pay a severe cost.

Republic Services, Allied Waste Set to Merge

Allied shares dip in early Monday trading; Republic shares up, but downgraded by analysts.

Arlington Tankers May Seek Sale

The NYSE-listed oil transport company brought in Jefferies to pursue a strategic review.

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Articles

Continental Rebuffs United Merger

Continental Airlines decided to remain independent after ending negotiations with United Airlines' parent company UAL Corp., saying the risks of a possible merger outweigh the rewards.

Friendlier Skies

Delta Air Lines and Northwest Airlines finally tied the knot last night, agreeing to a stock-for-stock merger that will create a $17.7 billion airline. The combined carrier will assume Delta's name and maintain headquarters in Atlanta, where Delta is currently based.

Federal Signal to Unload E-ONE

In Federal Signal Corp.'s fourth-quarter earnings call, the company said it had put its struggling E-ONE fire rescue unit on the block, further noting that it has already been engaged in discussions with potential buyers.

Delta, Northwest Face Labor Conundrum

Delta Air Lines Inc. and Northwest Airlines Corp. are in discussions to create the nation's largest carrier through a multibillion dollar merger, of course, that is assuming the two sides can appease the unions.

Antitrust Gamesmanship

Dealmakers push anti-monopoly rulings to their limit.

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