Atlantic Coast Shares Go Up as Sales Talk Goes On; Mesa Air Group Offered to Buy Regional Airline, and Virgin Atlantic May Also Be Interested

From: The Washington Post | Date: October 8, 2003| Author: | Copyright information

Shares of Dulles-based Atlantic Coast Airlines Holdings Inc. continued to climb yesterday as investors anticipated the airline would be sold, whether to Mesa Air Group Inc. or some other acquirer.

"The market thinks the company is in play and somebody else may come along and force Mesa to up its bid," said Benchmark Co. airline analyst Helane Becker.

On Monday, Phoenix-based Mesa offered $512 million in stock for Atlantic Coast, which dominates Terminal A at Dulles International Airport, in a deal that would create the nation's largest regional airline company. Based on Mesa and Atlantic ...

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