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

First Bid For Iberia -LH Out Of The Race?

Thu Nov 15, 2007 6:43 pm

With a bidding price of 3.6-3.9€/share,the consortia s clearly going over what LH is ready to pay.
LH said that 3.6€Share would be much to expensive for Iberia.
So will BA and TPG be willing to top that offer?

http://afp.google.com/article/ALeqM5gzB5uFk-qd2aoZNvNR1DQDKT7hXg
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TruemanQLD
Posts: 1346
Joined: Sat Feb 24, 2007 1:09 pm

RE: First Bid For Iberia -LH Out Of The Race?

Fri Nov 16, 2007 2:40 am

If neither of the other 2 are I doubt BA will bother, they are much happier for Iberia to stay by itself
 
upperdeckfan
Posts: 511
Joined: Fri Jun 08, 2007 1:59 am

RE: First Bid For Iberia -LH Out Of The Race?

Fri Nov 16, 2007 1:37 pm

Since UX is involved on the local consortium offer, there might be restrictions from EU commission for a UX/IB merger on how it'd affect Spain domestic market.
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Avianca
Posts: 5268
Joined: Tue Jan 25, 2005 5:33 am

RE: First Bid For Iberia -LH Out Of The Race?

Sat Nov 17, 2007 4:20 pm



Quoting Beaucaire (Thread starter):
LH said that 3.6€Share would be much to expensive for Iberia.

how much is LH open to pay?
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