You are here

Alaska Air to buy Virgin America for US$2.6b

alaska040416.jpg
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

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom