UPDATE: Alaska Air (ALK), Virgin America (VA) Said to Pitch Merger to Top Antitrust Officials - Bloomberg
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
(Updated - September 22, 2016 4:05 PM EDT)
Alaska Air (NYSE: ALK) and Virgin America (Nasdaq: VA) pleaded their case for a merger to top Justice Department officials last week, according to Bloomberg sources. This suggests negotiations are in their final stages on whether the government will allow the deal.
The airlines reportedly met with antitrust division chief Renata Hesse and other officials. The Bloomberg report went on to say that such top-level meetings usually signal that the antitrust division has worries about a merger.
The Justice Department has until Sept. 30th to act on the deal.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Pandora (P) Advisers Said to Begin Reaching Out to Possible Suitors Following Approach from Sirius (SIRI) - Bloomberg
- Moody's Assigns 'Ba3' Rating to Ritchie Bros. Auctioneers (RBA); Outlook Stable
- UPDATE: Global Eagle Entertainment (ENT) to Obtain New Credit Facilities; Company in Discussions to Acquire Related Business, Satellite Transponders
Create E-mail Alert Related CategoriesLitigation, Mergers and Acquisitions
Related EntitiesDefinitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!