Southwest Buying AirTran for $1.4 Billion

Southwest Buying AirTran for $1.4 Billion

Shockingly NEW YORK Southwest Airlines will buy train for approximately $1.4 billion.South West is able to expand his services is in market,AT SouthWest AirLines the closing stock price $12.28 on september 24,2010.and the AirTran common stock value at $7.69 per share.

The deal is worth approximately $3.4 billion including AirTran's debt. Southwest will pay about $670 million with available cash.In the release, Southwest says "it has entered into a definitive agreement to acquire all of the outstanding common stock of AirTran Holdings, the parent company of AirTran Airways (AirTran), for a combination of cash and Southwest Airlines' common stock. "

Southwest Airlines will discuss the strategic acquisition of AirTran with the analyst and investor community on a conference call at 7:30 am Central (8:30 am Eastern) today.A live broadcast and replay of the conference call will be available at
www.southwest.com/investor_relations and www.lowfaresfarther.com

However Southwest exposure the current excisting jiant markets.and the deal is expected to close in the first half next year.also Southwest operate from more then 100 Airports and serve more 100 million customers.