Beaucaire
Topic Author
Posts: 3888
Joined: Sun Sep 14, 2003 4:48 am

LH: Iberia Too Expensive..

Mon Apr 16, 2007 8:07 pm

The head of Lufthansa ,Mr. Meyrhuber,declared this morning that Lufthansa was not prepared to acquire Iberia based on a speculative price-tag.Currently the IB-share trades at 4,06€ ,which would price the take-over at 4 billion € -an amount LH seemingly is not willing to pay.
Mayrhuber endorsed his interest in the company nevertheless.
Please respect animals - don't eat them...
 
gemini573
Posts: 143
Joined: Thu Jan 25, 2007 5:53 am

RE: LH: Iberia Too Expensive..

Tue Apr 17, 2007 12:17 am

It's probably the same reason why BA hasn't made any attempt to increase its shareholding of IB.

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