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UAL to Buy US Airways for $4.3 Billion in Cash
UAL (UAL Quote), parent company of the world's largest airline, United Airlines, said on Wednesday that it had agreed to acquire US Airways (U Quote) for $4.3 billion in cash.
Under the terms of the deal, UAL will pay $60 a share for all the outstanding shares of US Airways, the nation's sixth biggest airline. That represents a premium of 130% based on US Airway's closing price of 26 5/16.
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