On February 7 20X6 Sudair Ltd and Albert air Ltd
On February 7, 20X6, Sudair Ltd. and Albert air Ltd. jointly announced a merger of the two regional airlines. Sudair had assets totaling $ 500 million and had 1,000,000 common shares outstanding. Albert air had assets amounting to $ 400 million and 600,000 shares outstanding. Under the terms of the merger, Sudair will issue two new Sudair shares for each share of Albert air outstanding. The two companies will then merge their administrative and operating structures and will coordinate their routes and schedules to improve interchange between the two lines and to enable the combined fleet of nine jet aircraft to be more efficiently used. Both companies are publicly owned.

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How should the merger of Sudair and Albert air be reported?

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