TEMPE, Ariz. - US Airways Group Inc. said Wednesday it has made an $8 billion cash and stock offer for Delta Airlines Inc. in a deal that would create one of the world's largest airlines.
The offer to buy Delta once the Atlanta-based airline emerges from bankruptcy protection would give Delta's unsecured creditors $4 billion in cash and 78.5 million shares of US Airways stock.
If completed, the airline would operate under the Delta name and serve more than 350 destinations across five continents.
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