Alaska Air Group announced the acquisition of Virgin America on April 4^th, 2016.You are asked to determine, based on publicly available (external) data, whether or not this was likely a value enhancing acquisition for the shareholders of Alaska Airline.

What is an estimation of the premium offered.Given the average premium offered is 25% of the target's pre-acquisition market value, what does the premium offered by Alaska Airline suggests regarding the likelihood that this was a value enhancing acquisition?