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: ClassLawBlog.comDOJ Closes Delta/NW Merger Investigation
By classlawblog
According to the Chicago Tribune, on October 29, 2008, the Department of Justice’s (”DOJ”) Antitrust Division issued a press release announcing the closing of the DOJ’s investigation of the Delta Air Lines Inc. and Northwest Airlines Corporation proposed merger.
After conducting a six-month investigation, the DOJ concluded that the Delta and Northwest merger is “likely to produce substantial and credible efficiencies that will benefit U.S. consumers and is not likely to substantially lessen competition.” The merger involves a $2.8 billion stock deal and is reportedly the largest airline merger in U.S. history.
Full post as published by ClassLawBlog.com on November 06, 2008 (boomark / email).
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