The DOJ files suit to block US Airways-American Airlines merger


The Department of Justice files a lawsuit to challenge the planned merger of US Airways (LCC -7.3%) and American Airlines (AAMRQ.PK).

The civil action includes six states and the District of Columbia.

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Comments (2)
  • Tack
    , contributor
    Comments (16173) | Send Message
     
    Aside from the predictable meddling from this Administration, the irony of the market reaction -- LCC down 11%, AMR down 33% -- is that LLC is the one left in a more precarious position than AMR. AMR debt holders were getting 72% of any merger, and AMR post-bankruptcy is now lean and mean, loaded with cash and fully capable of operating without USAir. It's USAir that should be worrying.
    13 Aug 2013, 11:13 AM Reply Like
  • jackooo
    , contributor
    Comments (1738) | Send Message
     
    Where was the DOJ 6 months ago? Did someone just wake Holder up? Intelligent minds need to know!
    13 Aug 2013, 11:58 AM Reply Like
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