Market Overview

IAG To Buy British Midland

International Consolidated Airlines Group SA (OTC: ICAGY) reached an agreement to acquire British Midland Ltd from Deutsche Lufthansa AG (OTC: DLAKY) for GBP172.5 million in cash.

The deal is likely to complete during Q1 2012.

ICAGY shares closed at $11.13 yesterday, while DLAKY shares closed at $11.78 yesterday.

Posted-In: merger and acquisitionNews M&A

 

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