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Monday, March 4, 2013

DOJ seeks additional details on American-US Airways deal, (NYSE: LCC)

AMR Corp and US Airways Group Inc have received a request for additional information about their $11 billion merger from the U.S. Department of Justice. This is the U.S. Department of Justice's second request for information.The companies said they expect to respond promptly to the DOJ's request and will cooperate with the regulator.American Airlines and US Airways said they continue to expect the deal to be completed in the third quarter of 2013.

US Airways Group, Inc. operates and owns passenger and freight airline carrier. Shares of LCC traded higher by 2.13% or $0.29/share to $13.90. In the past year, the shares have traded as low as $6.78 and as high as $15.64. On average, 7583780 shares of LCC exchange hands on a given day and today's volume is recorded at 8180057.