- Banned
- #1
At the effective time and as a result of the Merger, (i) America West Holdings will become a wholly owned subsidiary of US Airways Group, (ii) each share of America West Holdings Class A common stock will be converted into 0.5306 of a share of common stock of US Airways Group ("US Airways Group Common Stock") and (iii) each share of America West Holdings Class B common stock will be converted into 0.4082 of a share of US Airways Group Common Stock, on the terms specified in the Merger Agreement. The Merger Agreement also provides that if US Airways Group engages in certain business combination, reorganization or financing transactions in connection with the Merger that value US Airways Group on a basis such that the pre-investment equity value of US Airways Group (taking into account the completion of the Merger) exceeds $500 million, the Merger Agreement will be amended to adjust the exchange ratios for the America West Holdings Class A and Class B common stock in the Merger in accordance with the terms thereof.