Trans World Airlines announced that a special...

Trans World Airlines announced that a special meeting of stockholders has been scheduled for Sept. 7 to vote on Chairman Carl C. Icahn’s bid of $50 per share in cash and securities to take the airline private. Under the offer, shareholders not affiliated with Icahn will receive a combination of $20 cash and $30 face amount of a 12% senior subordinated debenture, due in 2008, for each TWA share they own. Public shareholders own about 23% of the New York-based airline, and entities affiliated with Icahn own the remaining 77%.