Virgin America Postpones 2016 Annual Meeting | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.02.25

Airborne-NextGen-06.03.25

AirborneUnlimited-06.04.25

Airborne-AffordableFlyers-06.05.25

AirborneUnlimited-06.06.25

Tue, Apr 26, 2016

Virgin America Postpones 2016 Annual Meeting

Move In Light Of Proposed Transaction With Alaska Air Group

The Board of Directors of Virgin America has postponed the airline's 2016 Annual Meeting of Stockholders during the pendency of its proposed merger with Alaska Air Group. 

As a result of this postponement and as is common for companies in such circumstances, none of the proposals set forth in Virgin America's definitive proxy statement on Schedule 14A filed with the SEC on March 25, 2016 are being submitted for consideration by Virgin America stockholders at this time.

On April 4, 2016, Virgin America and Alaska Air Group announced that they have entered into a definitive merger agreement under which Alaska Air Group will acquire Virgin America for $57.00 per share in cash, or a total equity value of approximately $2.6 billion, representing a 90.9 percent premium over Virgin America's volume-weighted average trading price for the 30 trading day period ending March 22, 2016, the last trading day prior to public rumors of the transaction by Virgin America and Alaska Air Group.

In connection with the transaction with Alaska Air Group, Virgin America plans to hold a Special Meeting of Stockholders to approve the proposed merger.

Virgin America will announce the date of the Special Meeting and the record date for such meeting, as soon as practicable upon mailing of the proxy statement for the Special Meeting.

(Source: Virgin America news release)

FMI: www.virginamerica.com

Advertisement

More News

Citation Operators Get Another Flight Data Connection for QA

LinxUs System Adds Capabilities for Data-Driven Operators Textron Aviation announced another option for operators processing their post-flight data, adding interoperability with GE>[...]

ANN's Daily Aero-Linx (06.01.25)

Aero Linx: The de Havilland Moth Club Ltd The de Havilland Moth Club evolved from a belief that an association of owners and operators of Moth aeroplanes should be formed to create>[...]

NTSB Final Report: Bellanca 8GCBC

(Pilot) Inadvertently Applied Excessive Braking Action, And The Airplane Nosed Over Analysis: The pilot reported that, while landing at a remote, rough and uneven airstrip in a tai>[...]

Aero-News: Quote of the Day (06.01.25)

“MCADT is committed to rapidly integrating armed first-person view drones into the FMF, enhancing small-unit lethality and providing organic capabilities that warfighters cur>[...]

Classic Aero-TV: High-Speed Match-up - Venom and GE Rebirth A Legend

From 2017 (YouTube Edition): Major Engine Supplier Joins Forces With Small Aircraft Manufacturer… GE recently made an agreement with Venom Aircraft to supply engines for the>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC