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Old 08-15-2013 | 08:29 AM
  #250  
FlyFishPilot
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Originally Posted by Purple Drank
I suspect a more rational president will allow consolidation to get back on track.
The US/UAL merger was "blocked" -- never actually went to court, they withdrew from the deal under Bush. DAL/NWA was allowed under Bush. UAL/CAL was allowed under Obama. I would venture that the reason US/UAL was blocked while the UAL/CAL (a bigger merger) was allowed is that the condition of the economy and market had changed. Proof that the DOJ is a very poor prognosticator of the future. I would doubt any new president would get things back on track with regard to consolidation if this merger is blocked. (Not that I am not looking forward to having a new president, I am).
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