Tue, Jul. 12, 7:46 AM
- Qatar Airways announces that it will take a 10% stake in LATAM Airlines (NYSE:LFL) with an investment of $618M. Latam will increase its capital by issuing new stock at $10 a share which will clear a path for Qatar Airways to sweep in.
- Qatar Airways is the state-owned carrier of the nation of Qatar.
- The deal was announced at the Farnborough Air Show.
- LATAM Airlines ADRs are inactive in the premarket session in the U.S.
Jun. 12, 2012, 2:33 PM
Brazilian airline Tam (TAM +5.5%) says it will delay a share-swap auction to June 22 to give shareholders more time to approve its merger with Lan Airlines (LFL -0.5%) that would create Latin America’s largest airline. The number of holdouts among Tam's minority shareholders surprises analysts, but the takeover is not likely to be derailed.| Jun. 12, 2012, 2:33 PM
Apr. 16, 2012, 12:09 PMMore on Argentina's takeover of YPF: The government will send a bill to Congress to take a 51% stake in the oil & gas giant for the "public good," according to an official. The move follows weeks of government pressure for the firm to spend more and pay its investors less. Shares -14%, Repsol (REPYY.PK) -1.7%. | Apr. 16, 2012, 12:09 PM | 9 Comments
Sep. 1, 2011, 3:51 PM