Billionaire hotelier Jay Pritzker resurfaced Friday with an offer to buy strike-crippled Eastern Airlines, sources said, reviving the chance of a sale following the collapse of a deal with ex-baseball boss Peter Ueberroth's investor group.
Ueberroth was said to be interested in reviving his bid for the airline, and takeover speculator Carl Icahn was meeting with union officials this weekend to talk about a deal, sources and union officials said."Right now is a good time for the pot to boil," said one of the sources.
They said the Pritzker proposal essentially mirrored a bid he made before the Ueberroth deal was announced April 6.
The value of the Pritzker offer wasn't clear but based on his earlier offer would be worth about $500 million.