Eastern Airlines Employees Service Corp

An investment group headed by former Baseball Commissioner Peter V. Ueberroth said Thursday that it would buy strikebound and bankrupt Eastern Airlines in a deal valued at $463.9 million. The agreement between Ueberroth and Texas Air Corp., which owns Eastern, was reached in a week of negotiations that almost collapsed several times.

An investment group headed by former Baseball Commissioner Peter V. Ueberroth said Thursday that it would buy strikebound and bankrupt Eastern Airlines in a deal valued at $463.9 million. The agreement between Ueberroth and Texas Air Corp., which owns Eastern, was reached in a week of negotiations that almost collapsed several times.