Alaska Air Group Inc
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Industrials : Airlines | Mid Cap Value
Company profile

Alaska Air Group, Inc. is the holding company of Alaska Airlines (Alaska), Virgin America Inc., Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska's and Virgin America's scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba. Its Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the United States under capacity purchased arrangements (CPAs). Its Horizon segment includes the capacity sold to Alaska under CPA. Alaska and Virgin America operate fleets of narrowbody passenger jets. As of December 31, 2016, it maintained two frequent flyer plans: the Alaska Airlines Mileage Plan and the Virgin America Elevate.

Closing Price
$40.59
Day's Change
0.90 (2.27%)
Bid
--
Ask
--
B/A Size
--
Day's High
41.32
Day's Low
38.90
Volume
(Above Average)
Volume:
2,675,840

10-day average volume:
2,276,981
2,675,840

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Varian Medical Systems, Inc. (VAR)

11:55 pm ET September 23, 2020 (Globe Newswire) Print

Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Northern District of California, Case No. 4:20-cv-06266-YGR on behalf of shareholders of Varian Medical Systems, Inc. ("Varian" or the "Company") (NYSE:VAR) who have been harmed by Varian's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed merger of the Company with Siemens Healthineers AG (the "Proposed Transaction").

On August 2, 2020, the Board caused the Company to enter into an agreement and plan of merger under which Varian shareholders stand to receive $177.50 in cash for each share of Varian stock they own.

The complaint alleges that the Form PREM14A Preliminary Proxy Statement filed with the Securities and Exchange Commission violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company's financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to Varian shareholders.

If you wish to obtain information concerning this action, you can do so by clicking here: www.faruqilaw.com/VAR.

Take Action

Plaintiff is represented by Faruqi & Faruqi, LLP, a law firm with extensive experience in prosecuting class actions, and significant expertise in actions involving corporate fraud. Faruqi & Faruqi, LLP, was founded in 1995 and the firm maintains its principal office in New York City, with offices in Delaware, California, Georgia, and Pennsylvania.

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you wish to discuss this action, or have any questions concerning this notice or your rights or interests, please contact:

Nadeem Faruqi, Esq.

James M. Wilson, Jr., Esq.

FARUQI & FARUQI, LLP

685 3rd Avenue, 26th Floor

New York, NY 10017

Telephone: (877) 247-4292 or (212) 983-9330

E-mail: nfaruqi@faruqilaw.com

jwilson@faruqilaw.com

https://ml.globenewswire.com/media/7b9b684e-8d35-4714-b66d-1bfdee039cbf/small/faruqi-faruqi-llp-logo.jpg

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