TPG Close to Midwest Air Deal

Midwest Airlines (AMEX: MEH) has agreed to pursue a $16 per share buyout offer from TPG Capital. The move comes after rival bidder AirTran Holdings (NYSE: AAI) said that its best and final offer would be $15.75 per share in AirTran stock. Midwest and TPG are expected to execute a definitive merger agreement by Wednesday. www.midwestairlines.com