The Business Times

Alaska Air to buy Virgin America for US$2.6b

Published Mon, Apr 4, 2016 · 10:38 AM
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[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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