Daily Dispatch: Sara Lee, Starbucks, Whole Foods, and AirTran

  • AirTran made a $445 million bid for Midwest, topping buyout firm TPG Inc./Northwest's $424 million bid. Midwest CEO Joe Leonard warns that, if equity firm TPG and Northwest bought the airline, the new company would block competition, raise fairs, reduce employment levels, and reduce service. Midwest's reputation for customer service combined with AirTran's low fares could make the merger advantageous.