Southwest buy-out gets Air Tran shareholder approval
Southwest Airlines confirmed that shareholders of AirTran have overwhelmingly approved the proposed acquisition of AirTran by the carrier. The transaction remains under review by the US Department of Justice and is subject to certain other regulatory clearances. Southwest anticipates the transaction to close in 2Q2011. Shares in Southwest were up 0.8% while AirTran shares rose 0.5%.
