Actionable news
All posts from Actionable news
Actionable news in ALK: ALASKA AIR GROUP Inc,

Buy Alaska Air, Watch It Fly With Virgin America Deal

Alaska Air Group's (ALK - Get Report) shares have been under pressure since the Seattle company announced plans to buy Virgin America (VA - Get Report) for $57 per share in cash, representing a total equity value of $2.6 billion.

With its shares at close to $80, down 1% for the year to date, investors seem more focused on what appears to be a pricey deal, given the significant 46% premium to Virgin America's share price on the day before the announcement.

Investors should be more focused on what Alaska Air stands to gain from this deal, including...