Business: Wooing National

Wooing Nation

Having once dressed up its image with an anthropomorphic ad campaign ("I'm Cheryl, Fly me"), National Airlines now has suitors buzzing all around. Object: merger or acquisition. Little Texas International has bought 23% of National's stock. Mighty Pan Am has acquired 24% and wants much more. Last week Eastern Air Lines Chairman Frank Borman, the ex-astronaut, said his line would bid $50 a share for the stock, or $9 more than Pan Am's offer. So intense has been the wooing that National Chairman Lewis ("Bud")...

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