Passengers File Suit To Block $2.6B Alaska-Virgin Merger

Law360, New York (September 8, 2016, 6:47 PM EDT) -- A group of air travelers and travel agents filed suit in California federal court Wednesday seeking to block the proposed $2.6 billion Alaska Air Group Inc.-Virgin America Inc. merger, saying the tie-up would violate the Clayton Antitrust Act and result in higher fares and reduced service nationwide.

Alaska Air and Virgin America announced their proposed deal in April, noting that its total value approached $4 billion with debt taken into account. Under the proposed merger, Alaska Air would pay $57 per share in cash to acquire...
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