No Breakup Fee Coming If DOJ Blocks $11B Airline Deal

Law360, New York (August 20, 2013, 8:07 PM EDT) -- If American Airlines Inc. and US Airways Group Inc.'s $11 billion merger falls apart on antitrust grounds, don't look for a billion-dollar breakup fee. There isn't one.

The merger, which was challenged last week by federal and state regulators, includes termination fees for all the other standard scenarios — what happens if one airline gets a better offer, if creditors in American's bankruptcy change their mind, if either party breaks its promises under the agreement.

But it is silent on who owes what if the U.S....
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