AirTran shareholders approve Southwest merger
ATLANTA (Reuters) - Discount carrier AirTran Holdings AAI.N said shareholders had approved its pending acquisition by larger rival Southwest Airlines Co (LUV.N) at a special meeting on Wednesday.
More than 98.6 percent of votes cast and 77.5 percent of outstanding shares backed the purchase, AirTran said. The deal was announced in September and is expected to close during the second quarter, pending clearance from the U.S. Justice Department.
Dallas-based Southwest, the traditional low-fare leader, stands to grow in big U.S. East Coast markets such as Atlanta and Washington should the acquisition be completed.
Shares of Southwest edged up 0.7 percent to $12.41 in late morning trading, while AirTran was flat at $7.32.
(Reporting by Karen Jacobs; Editing by Lisa Von Ahn)
WASHINGTON - A U.S. Supreme Court justice on Saturday night denied a last-ditch effort by a group of consumers and travel agents to stop the merger of American Airlines and US Airways.
SAN FRANCISCO - At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.