Quote:
Originally Posted by Canada 02
will be interesting see if this gets thru regulators, and also how the unions impact this proposed merger
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They likely have at least preliminary anti-trust approval at this point and I would assume that the unions have been involved to a certain extent. When you get to the point of announcing like this most of the hurdles have been cleared, although things can still fall apart.
As for the fiduciary duty claim above, that happens in a pretty high percentage of mergers. Success is pretty unlikely with where the bar for judging the actions of the board has been set.