Virgin America (VA) was acquired by Alaska Air Group (ALK) for $2.6 billion

Alaska Air Group (ALK) acquired Virgin America (VA), at a valuation of $2.6 billion, with additional expenses bringing the cost to approximately $4 billion.  With the transaction, Virgin America became a sister carrier to the other Alaska Air Group subsidiaries Alaska Airlines and Horizon Air.

     

Long trade : VA +15% (3/16)

• A week later:

Long trade : VA (7/15)

Great trade : Virgin America (VA) +25% (12/14)

• buy $34.80  on Dec 19,14
• $41 on 3rd trading day --> +17%

 4 days later