US Airways Group Inc &
Merrill Lynch & Co Inc | Update Date: 11/25/08 |
| Date Announced: 08/14/08 |
| Value (million $USD): 173.1 million U.S. Dollar |
|
| Status: Pending | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 08/14/08 | | |
| Date Originally Announced | 08/14/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Open Market Purchase; Financial Acquiror |
| Attitude | Friendly | Agency | Unspecified Regulatory Auth. |
| Value | 173.1 million U.S. Dollar | Advisor Fees | n/a |
| SYNOPSIS |
|---|
| US - Merrill Lynch & Co Inc agreed to acquire a 20.613% stake, or 19 mil common shares, in US Airways Group Inc (UA), a passenger airline, for $9.11 in cash per share, or a total value of $173.09 mil, in open market transactions. The transaction was subject to customary closing conditions. |
| TARGET |
|---|
| Name | US Airways Group Inc (LCC) |
| Industries | Offices of holding companies, nec |
| City | Tempe |
| State | AZ |
| Nation | United States |
| Incorporated in | DE |
| Public Status | Public |
| Business Description | US Airways Group Inc, located in Tempe, Arizona, is a passenger airline and holding company for US Airways, US Airways Shuttle and US Airways Express operating approximately 3,500 flights per day and serve more than 230 communities in the US, Canada, Europe, the Caribbean and Latin America. The company was founded in 1937. |
| Advisors | NULL |
| Target Sales | 11.8 million U.S. Dollar |
|
| ACQUIROR |
|---|
| Name | Merrill Lynch & Co Inc (MER) |
| Industries | Real estate investment trusts; Insurance agents, brokers, and service; Investment advice; Offices of bank holding companies |
| City | New York |
| State | NY |
| Nation | United States |
| Incorporated in | NY |
| Public Status | Public |
| Business Description | Merrill Lynch & Co Inc, headquartered in New York, New York, US, provides global markets, investment banking and advisory services, wealth and investment management services, insurance services, and global wealth management services. The Group provides these services through its broker, dealer, banking, insurance and other financial services subsidiaries. The company operates in three business segments: Global Markets and Investment Banking group, Global Private Client and Merrill Lynch Investment Managers. It provides securities origination, brokerage, and other related activities in equities, futures, fixed income, forwards, mutual funds, commodities, swaps, currencies, option contract and other derivatives. The group also provides commodity and financial futures contracts, selected insurance products, options, corporate and municipal securities, investment banking and business advisory services. It operates in 40 countries include Europe, Middle East, and Africa, Pacific Rim, Canada and Latin America. The company was founded in 1914. |
| Advisors | Merrill Lynch & Co Inc |
| Acquiror Sales | 36.96 billion U.S. Dollar |
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