US Airways Group, Inc. Announces Offering to Sell Common Stock
11:39a ET August 14, 2008 (Business Wire)
US Airways Group, Inc. (NYSE: LCC) ("US Airways" or the "Company")
announced today that Merrill Lynch & Co., as sole underwriter, has
agreed to purchase 19,000,000 shares of the Company's common stock in
an underwritten public offering. The Company plans to use the net
proceeds for general corporate purposes. Completion of the offering is
subject to customary closing conditions.
The Company has asked the New York Stock Exchange to halt trading in
its shares to permit an orderly distribution of the new shares and
will issue an additional press release to announce pricing when the
distribution has been completed.
11:39a ET August 14, 2008 (Business Wire)
US Airways Group, Inc. (NYSE: LCC) ("US Airways" or the "Company")
announced today that Merrill Lynch & Co., as sole underwriter, has
agreed to purchase 19,000,000 shares of the Company's common stock in
an underwritten public offering. The Company plans to use the net
proceeds for general corporate purposes. Completion of the offering is
subject to customary closing conditions.
The Company has asked the New York Stock Exchange to halt trading in
its shares to permit an orderly distribution of the new shares and
will issue an additional press release to announce pricing when the
distribution has been completed.
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