Virgin America (VA) Near Deal to Be Acquired by Alaska Air (ALK) - WSJ

April 2, 2016 2:57 PM EDT
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Alaska Air Group (NYSE: ALK) is near a deal to acquire Virgin America (NASDAQ: VA), the Wall Street Journal reported Saturday afternoon.

Alaska Air Group's offer for Virgin America is seen topping JetBlue Airways' (NASDAQ: JBLU), which also bid for the carrier.

The offer is expected to be upwards of $2 billion, the report said, versus Virgin America's current market cap of around $1.5 billion.

If no better bids emerge, Alaska Air Group could announce the deal as soon as Monday, the report said.

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