|
|
Article: CCAIR Announces Entering Merger Agreement With Mesa Air Group, Inc.
- Article from:
- PR Newswire
- Article date:
- February 1, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CHARLOTTE, N.C., Feb. 1 /PRNewswire/ -- CCAIR, Inc. (Nasdaq: CCAR), an independent airline operating as US Airways Express in the southeast United States announced today that it has entered into a definitive Merger Agreement with Mesa Air Group, Inc. dated as of January 28, 1999, whereby CCAIR will become a wholly-owned subsidiary of Mesa Air Group. Mesa Air Group, Inc. is a Phoenix, Arizona based operator of regional airlines including both turboprop and Canadair Regional Jet equipment. The transaction, valued at approximately $53 million, reflects a $4.35 per share purchase price, a reduction from $5.40 share price referred to in the press release issued August 28, 1998 ...