Asiana backs sale of cargo unit, removing hurdle to Korean Air merger

said on Thursday its board had approved the sale of the company’s cargo business – an important step towards allaying EU competition concerns about a proposed takeover by Korean Air Lines Korean Air, the country’s biggest carrier, said in a statement following the decision that it had submitted a package of remedies to the European … Read more

Exclusive-US amusement park operators Cedar Fair, Six Flags in merger talks-sources

© Reuters. People ride a roller coaster at Six Flags Magic Mountain amusement park on the first day of opening, as the coronavirus disease (COVID-19) continues, in Valencia, California, U.S., April 1, 2021. REUTERS/Lucy NicholsonA tie-up between the two companies would come as concerns about a U.S. economic slowdown and consumers curbing their discretionary spending … Read more

Feds argue consumers would be ‘better off’ without JetBlue-Spirit merger

The Biden administration’s fight against consolidation in the airline industry is being tested Tuesday as lawyers for JetBlue Airways and the Justice Department squared off in court. As the trial began with opening statements from lawyers for sides, shares of JetBlue were falling to their lowest levels in more than a decade after the airline … Read more

Ares Acquisition Corp., X-energy scrap $1.8B merger due to ‘persistently volatile public markets’

Ares Acquisition Corp. and X-energy Reactor Company LLC on Tuesday called off their $1.8 billion merger deal due partly to challenging market conditions. A shareholder meeting Tuesday to vote on the business combination is being postponed indefinitely. Ares Acquisition Corp., which is a special purpose acquisition company affiliated with Ares Management Corp. ARES, +0.58%, will … Read more