Originally Posted by
JetPipeOverht
Every bit of our info and the holdings clarifications and the news tidbits of the merger keep alluding to the fact that ASA is wholly owned but ASA is acquiring Xjt, not Skywest Holdings.....
We also have a clarifying letter (entitled "Letter 1", if you are curious), appended to the contract, that discusses the exact thing you mention.
That clarifying letter basically states that the "root" holding company is what section 1 applies to, regardless of how many "divisions", "sub-holdings companies", and "wholly-owned subs" you wish to create.