http://yahoo.reuters.com/news/articl...mktNews&rpc=44
World Air to be bought by Global Aero Logistics for $315 mln
April 5 (Reuters) - World Air Holdings Inc. said it agreed to be bought by Global Aero Logistics Inc., which owns ATA Airlines, for $315 million in cash.
Under the agreement, World Air Holdings shareholders will receive $12.50 for each share of World Air Holdings common stock they hold.
Following the deal, Global Aero Logistics will operate three independent airlines: World Airways, North American Airlines and ATA Airlines. (Reporting by Hari Kumar in Bangalore)