Alaska Merger Agreement for Type A Reorganization
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How to fill out Merger Agreement For Type A Reorganization?
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FAQ
On March 22, 2017, the company announced that Alaska Air Group would merge Virgin America and Alaska Airlines, with the combined airline to operate under the Alaska Airlines brand. The merger was largely completed on April 25, 2018 and the Virgin America brand was fully retired by June 2, 2019.
The airline along with Virgin Holidays is controlled by a holding company, Virgin Atlantic Limited, which is 51% owned by the Virgin Group and 49% by Delta Air Lines.
Alaska, together with its regional partners Horizon Air and SkyWest Airlines, operates a route network primarily focused on connecting cities along the West Coast of the United States to over 100 destinations in the contiguous United States, Belize, Canada, Costa Rica, Guatemala, and Mexico.
(NYSE: ALK), parent company of Alaska Airlines , and Virgin America, Inc. (NASDAQ: VA) today announced that their boards of directors have unanimously approved a definitive merger agreement, under which Alaska Air Group will acquire Virgin America for $57.00 per share in cash.
Alaska Air Group is a publicly held incorporated entity, and the holding company for three operating subsidiaries, Alaska Airlines (AS), Virgin America (VX) and Horizon Air (QX). We completed our acquisition of Virgin America on December 14, 2016, at which time Virgin America became a wholly-owned subsidiary.
A spokesperson for Alaska said the case is ?without merit and we intend to appeal the decision?. Virgin granted a trademark licence to Virgin America to use its brand in connection with the operation of a U.S. domestic airline before Alaska Air Group Inc. completed its $2.6 billion acquisition of Virgin America.
At this moment, no airline has expressed any intention to combine with JetBlue but years ago JetBlue and Alaska Airlines were engaged in the acquisition of Virgin America. At stake was the transcontinental strength that Virgin America had.
For more information, visit delta.com. Alaska Airlines and Horizon Air are wholly-owned subsidiaries of Seattle- based Alaska Air Group. Both carriers are also headquartered in Seattle.