There's going to be a little less competition among airlines following a big takeover announced Monday.
Alaska Air Group has agreed to buy Virgin America for $2.6 billion, the airlines said. Alaska Air (ALK) said it will pay $57 per share, sending Virgin America (VA) stock soaring 40%. Including debt and aircraft leases, the transaction is worth about $4 billion.
Alaska Air buys Virgin America for $2.6 billion - Apr. 4, 2016
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