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Actionable news in ALK: ALASKA AIR GROUP Inc,

Chris DeMuth Jr.'s

Department of Justice antitrust lawyers have indicated that they plan to be highly aggressive going after mergers in the months ahead. One deal that may run into trouble is the Virgin America (NASDAQ:VA) acquisition by Alaska Air (NYSE:ALK). The $4.39 arb spread offers a 39% IRR, but only if the deal closes by yearend. However, the possibility of antitrust litigation looms large. But all is not lost. You can still...


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