Southwest Buying AirTran

By Frank Jackman frank_jackman@aviationweek.com
LONDON

Southwest Airlines has signed a definitive agreement to acquire all of the outstanding shares of AirTran Airways parent AirTran Holdings Inc. in a cash and stock transaction valued at $3.4 billion, Southwest announced Sept. 27. The agreement has been unanimously approved by the boards of both companies, and closing of the deal is subject to the approval of AirTran stockholders and regulatory ...

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