Eagle757shark
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US DOJ approves merger of Delta, Northwest Airlines
Wed Oct 29, 2008 3:06pm EDT
WASHINGTON, Oct 29 (Reuters) - U.S. antitrust authorities approved Delta Air Lines Inc's (DAL.N: Quote, Profile, Research, Stock Buzz) purchase of Northwest Airlines Corp (NWA.N: Quote, Profile, Research, Stock Buzz) on Wednesday in a deal worth about $2.6 billion.
The merger would create the world's biggest airline by passenger traffic.
The U.S. Justice Department approval ends the U.S. regulatory review.
The department said the deal, in its view, is likely to benefit consumers and and unlikely to "substantially lessen competition."
Wed Oct 29, 2008 3:06pm EDT
WASHINGTON, Oct 29 (Reuters) - U.S. antitrust authorities approved Delta Air Lines Inc's (DAL.N: Quote, Profile, Research, Stock Buzz) purchase of Northwest Airlines Corp (NWA.N: Quote, Profile, Research, Stock Buzz) on Wednesday in a deal worth about $2.6 billion.
The merger would create the world's biggest airline by passenger traffic.
The U.S. Justice Department approval ends the U.S. regulatory review.
The department said the deal, in its view, is likely to benefit consumers and and unlikely to "substantially lessen competition."