AIR TRANSPORT
Piedmont Delays Acquisition Decision, invites New Bids
Washington—Piedmont Airlines’ board of directors, deliberating late last week over proposals for the airline’s acquisition tendered by USAir and Norfolk Southern Corp., decided to seek other bids before reaching a decision. The week was marked by increasing antes from USAir in a bidding match with Norfolk Southern, a holding company with a net worth of $10 billion.