The 12th anniversary of the merger between Northwest Airlines and Delta Air Lines (NYSE:DAL) is coming up on Oct. 29. If you were a Northwest shareholder in 2008 and are still holding DAL stock, you made out like a bandit.
If you haven’t sold after 12 years, you probably shouldn’t now, despite the damage the novel coronavirus has inflicted on the airline industry.
The merger between the two airlines was valued at $3.4 billion. Northwest shareholders got 1.25 shares of Delta stock for every share they held in the Minneapolis-based airline (Delta’s headquartered in Atlanta).
“We appreciate that stockholders recognize the benefits the Delta-Northwest merger will offer our company, customers, employees, and the communities we serve. This is another milestone toward completing a merger that brings together two