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Alaska Air to buy Virgin America for US$2.6b

Monday, April 4, 2016 - 18:38

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Alaska Air Group Inc said on Monday it had agreed to buy Virgin America Inc for US$2.6 billion to expand its presence on the US West Coast.

[BENGALURU] Alaska Air Group Inc said on Monday it had agreed to buy Virgin America Inc for US$2.6 billion to expand its presence on the US West Coast.

Alaska's offer of US$57 per share in cash represents a premium of about 47 per cent to Virgin's Friday's close.

REUTERS

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