(Reuters) - LONDON, June 15 - Board members of Spanish airline Iberia are divided over whether to sell the company as they prepare to make a decision in about two weeks, people familiar with the situation said. Iberia has received a takeover bid valuing the carrier at 3.4 billion euros from a group that includes private equity firm TPG [TPG.UL] and minority shareholder British Airways . The board plans to vote on June 28.
"There's lack of definition in the board," one of the sources close to the negotiations said. "It's a complex board, and this isn't an easy case. It's a difficult industry. It's not like there's going to be lots of offers or that there's a list of people interested. You can't really wait for a bidding war."
Read more at Reuters.com Mergers News
"There's lack of definition in the board," one of the sources close to the negotiations said. "It's a complex board, and this isn't an easy case. It's a difficult industry. It's not like there's going to be lots of offers or that there's a list of people interested. You can't really wait for a bidding war."
Read more at Reuters.com Mergers News
No comments:
Post a Comment