Merger talk lifts shares of Delta
Delta Air Lines Inc. shares soared more than 18 percent Thursday following renewed speculation that the nation’s No. 3 carrier may be close to inking a deal to combine with another airline. Delta rose $2.46 to close at $15.98 on the New York Stock Exchange. The surge followed a nearly 15 percent rise in Delta’s stock on Wednesday. On Wednesday, the head of the Atlanta-based company’s pilots union said in a letter to rank-and-file members that a combination involving Delta may be close. Lee Moak, chairman of the union’s executive committee, said in the letter that “consolidation may indeed be at our door.” More…
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