US Air, AMR Delay Drop-Dead Date For Troubled Merger
By Liz Hoffman
Law360, New York (September 23, 2013, 11:45 AM ET) -- US Airways Group Inc. and American Airlines Inc. on Monday pushed back the outside date for their $13.8 billion merger, building in a cushion to fight what promises to be a long legal battle with antitrust regulators seeking to block the deal.
Under the merger agreement signed last winter, either airline would have been able to walk away on Dec. 17. That date has been pushed to Jan. 18 or, if the companies win at trial, two weeks after the judge's ruling. If the government wins,...