Alaska Air Agrees to Buy Virgin America in $2.6 Billion Deal

April 4, 2016 11:30 AM

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Alaska Air Group Inc. agreed to buy Richard Branson-backed Virgin America Inc. for $2.6 billion, according to a statement Monday.

Alaska Air will pay $57 a share for Virgin America stock, with the deal worth about $4 billion including debt and capitalized aircraft operating leases, it said.

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