Octavian reports 5.2% stake in Midwest Air Group

By Lisa Kerner

Charlotte, N.C., Dec. 24 - Midwest Air Group, Inc. investors led by Octavian Master Fund, LP bought a total of 50,000 shares of the company's stock after a series of buy and sell transactions between Sep. 24 and Dec. 20.

The shares were priced from $15.06 to $16.31 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons beneficially own 1.3 million shares, or 5.2%, of the Milwaukee-based provider of jet service to primarily business travelers.

On Oct. 30, Midwest Air shareholders approved the company's acquisition by TPG Capital, LP and its affiliate Midwest Air Partners, LLC, along with Northwest Airlines Corp., for $17.00 per share in a deal valued at $450 million.

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