WASHINGTON — Southwest Airlines Co. has won approval from U.S. regulators for the $1.02 billion acquisition of AirTran Holdings Inc. that will give the company access to Atlanta, home of the world’s busiest airport.
The Justice Department found the cash-and-stock purchase is “not likely to substantially lessen competition” and would offer new service not available to consumers, according to a statement issued Tuesday. The purchase is to close on May 2.
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