Dechert partner Paul T. Denis is leading a team serving as antitrust counsel to US Airways in its proposed merger with American Airlines that was announced today. The boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier, which will have an implied combined equity value of approximately $11 billion based on the price of US Airways’ stock as of February 13, 2013. The two firms will operate under the name American Airlines.
The Washington, D.C.-based Denis, who in 2012 helped lead a Dechert team that served as antitrust counsel to Medco Health Solutions in its $29.1 billion merger with Express Scripts Inc., has secured antitrust clearance for a number of other high-profile deals over the years. Joining Denis on the Dechert team are associates Gorav Jindal and Rani Habash.
The full press release is available here.
