Now the latest news has Tom Horton holding a non-executive chairman of the board position until some time in 2014 (that’s more a compromise than I expected) and Doug Parker assuming that role afterwards.

The company is expected to be valued at $10.5 to $11 Billion with about $3 Billion of that credited to US Airways.  The boards of each company are expected to meet mid–week and I expect an announcement on Thursday morning by my best guess.

It should be interesting to see how much the smile on Tom Horton’s face is strained and whether or not he takes credit for the merger.

Filed under: Mergers and Bankruptcy by ajax