Mesa Air Group Inc (MESA) and Republic Airways Holdings said Monday that they have entered into a definitive agreement to merge into one regional airline company in an all-stock transaction.
Financial terms of the transaction were not disclosed.
Upon closing, the combined company will be renamed Republic Airways Holdings, led by Republic's executive leadership team, and is expected to remain Nasdaq-listed under the new ticker symbol "RJET".
Upon closing, Republic shareholders will own 88% of the combined company's common shares, while Mesa shareholders will own a minimum of 6% or maximum of 12% depending upon the achievement of certain pre-closing criteria.
The transaction has been unanimously approved by the boards of directors of both companies and is expected to close in either late Q3 or early Q4.
Republic will continue to support American Airlines, Delta Air Lines, and United Airlines under its existing capacity purchase agreements, and Mesa's operations will support United Airlines under a new 10-year agreement as a result of this transaction.
Mesa, Republic, and United Airlines also entered a three-party agreement under which Mesa will take actions to dispose of certain assets, extinguish certain liabilities and effectuate certain related transactions.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。