Merger with Iberia [Merger deal agreed 12 Nov]
#1
Original Poster
Join Date: Aug 2009
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Merger with Iberia [Merger deal agreed 12 Nov]
Sky News (I know, I'm bored) reporting that the BA/Iberia merger is imminent and the HQ will be in Spain with WW as CEO.
#2
Join Date: Apr 2005
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Read the wires which are saying the Sky News report is wrong or pre-mature
Also on:
http://uk.finance.yahoo.com/news/ba-...2dc4d9a38.html
Also on:
http://uk.finance.yahoo.com/news/ba-...2dc4d9a38.html
#3
Join Date: Nov 2007
Location: BOS
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Posts: 663
http://blogs.news.sky.com/kleinman/P...9-55c56a47c2ad
What a complete non story. They're about to announce something, but maybe they're not.
What a complete non story. They're about to announce something, but maybe they're not.
#4
Join Date: Nov 2007
Location: London
Programs: BAEC Gold, Marriott Plat, Hertz PC
Posts: 118
This from FT alphaville
http://ftalphaville.ft.com/blog/2009...rger-imminent/
Then, to confuse matters further, Spain’s El Pais comes out with this at around 10am UK time on Thursday:
El consejo de administración de Iberia se reúne hoy de forma extraordinaria para decidir la fusión con British Airways, según fuentes conocedoras de la operación. A falta de cerrar algún fleco menor, en unas horas se anunciará o bien la fusión o, algo mucho más improbable, el carpetazo a la misma.
For non-Spanish speaking readers this says that Iberia’s supervisory board is meeting today to decide on a merger with BA, according to those “sources” familiar with the situation. The article goes on to say that, last minute hitches aside, the merger will be announced in a few hours - or, much less likely, the talks will be terminated.
The exchange ratio for the merger, according to El Pais, has been established at 45:55 Iberia to British Airways.
http://ftalphaville.ft.com/blog/2009...rger-imminent/
Then, to confuse matters further, Spain’s El Pais comes out with this at around 10am UK time on Thursday:
El consejo de administración de Iberia se reúne hoy de forma extraordinaria para decidir la fusión con British Airways, según fuentes conocedoras de la operación. A falta de cerrar algún fleco menor, en unas horas se anunciará o bien la fusión o, algo mucho más improbable, el carpetazo a la misma.
For non-Spanish speaking readers this says that Iberia’s supervisory board is meeting today to decide on a merger with BA, according to those “sources” familiar with the situation. The article goes on to say that, last minute hitches aside, the merger will be announced in a few hours - or, much less likely, the talks will be terminated.
The exchange ratio for the merger, according to El Pais, has been established at 45:55 Iberia to British Airways.
#6
Join Date: Nov 2007
Location: London
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Posts: 118
This was issued by BAY.L @ 11.22
TIDMBAY
RNS Number : 4097C
British Airways PLC
12 November 2009
?
IBERIA MERGER TALKS
Further to recent market speculation, British Airways confirms that the British
Airways and Iberia Boards are holding separate meetings today, 12 November, to consider a potential transaction. However, no decisions have been taken and, at this time, there can be no guarantee that a transaction will be forthcoming. A further announcement will be made in due course, if appropriate.
This information is provided by RNS
TIDMBAY
RNS Number : 4097C
British Airways PLC
12 November 2009
?
IBERIA MERGER TALKS
Further to recent market speculation, British Airways confirms that the British
Airways and Iberia Boards are holding separate meetings today, 12 November, to consider a potential transaction. However, no decisions have been taken and, at this time, there can be no guarantee that a transaction will be forthcoming. A further announcement will be made in due course, if appropriate.
This information is provided by RNS
#7
Join Date: Jan 2006
Location: London, Sydney
Programs: Muccihood de la Rotisserie Doree, BAEC Gold, SAS Eurobonus basic, Ansett Golden Wing :-(
Posts: 3,114
Read the wires which are saying the Sky News report is wrong or pre-mature
Also on:
http://uk.finance.yahoo.com/news/ba-...2dc4d9a38.html
Also on:
http://uk.finance.yahoo.com/news/ba-...2dc4d9a38.html
#12
Join Date: Mar 2004
Location: Newcastle, UK
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Posts: 2,080
Useful phrases
Some useful phrases for the future:
Las semillas? ¿Cuánto cuestan?
¿Cuál es el mejor asiento en un ATR 72?
Su tarjeta Club Ejecutivo no es válido en este vuelo.
Esto ha sido mejorado.
Su equipaje está en Madrid.
(Extra points for correcting my grammar )
Las semillas? ¿Cuánto cuestan?
¿Cuál es el mejor asiento en un ATR 72?
Su tarjeta Club Ejecutivo no es válido en este vuelo.
Esto ha sido mejorado.
Su equipaje está en Madrid.
(Extra points for correcting my grammar )
#14
Join Date: Aug 2009
Location: KDFW/KDAL
Programs: BA , Hilton Honors Gold, SPG Gold, LQ Elite
Posts: 359
Esto será bueno saber en LAX