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August 19, 2013

Monday Midday Must-Reads

-U.S. assistant attorney general Bill Baer is a strong anti-trust enforcer who has taken on other big merger deals in the past, Bloomberg News reports. The anti-trust chief filed suit to stop the pending merger between American Airlines and US Airways last week. "The airlines saw signs during the seven months of talks with Baer’s staff that their proposed deal, which needed his approval, was meeting resistance. Staff discussions with lawyers grew hostile, said a second person familiar with the talks who asked not to be named because the discussions were private," according to Bloomberg.

-The Arizona State Attorney General Tom Horne offers his reasoning for fighting the American-US Airways merger in this editorial piece printed in the Arizona Republic. "I love our hometown airline, and I use it whenever I have that choice. But this merger would result in four airlines dominating 87 percent of the domestic market, and it would inevitably result in higher fares and lesser service. More routes would be monopolized by just one carrier," Horne said.

-And Texas State Attorney General Greg Abbott also believes the American-US Airways merger is anti-competitive in his editorial column in the Dallas Morning News (subscription required). "We believe that actions by the airlines and their officials violate antitrust laws," Abbott wrote. "In fact, the legal violations appear so overt that it would offend my oath of office not to take action."

-Andrea Ahles


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