UPDATE 4-Southwest eyes AirTran to attack East Coast markets
Mon Sep 27, 2010 3:41pm EDT
* Deal values AirTran at about $1 bln, a 69 pct premium
* Merger would boost Southwest in eastern markets
* Southwest shares up 9 pct, AirTran 61 pct higher
* Analysts expect more M&A, point to AMR and JetBlue
* Delta down 2 pct but other shares broadly higher (Adds quotes; updates shares)
By John Crawley and Kyle Peterson
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