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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.
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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.