Northwest Airlines Corp. (OTC:NWACQ) moved over 34% higher in today's trading on news that the company hired Evercore Group LLC for "strategic advice". We discussed a possibility of a merger in a previous article on this blog, where we noted that Owl Creek Asset Management - a 5% holder in the company - said that the company could be worth as much as $19.75-$33.50 per share in the event of a merger with Continental Airlines (NYSE:CAL). This estimate was based on the cost savings and other synergies that could benefit both companies, which Owl Creek explained in its 13D/A filing with the SEC. Meanwhile, Jon Ash, president of InterVistas-GA2, a Washington consulting firm said, "Northwest would be a good fit for Delta Air Lines Inc. or US Airways Group Inc. because they have complementary route systems". We first started watching this stock at $3.49 per share back on November 22nd and now the stock trades at $4.44 - this is still a great stock to keep an eye on as more information becomes available!

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