Tuesday, July 17, 2007

UPDATE 1-Air One pulls out of Alitalia auction

(Reuters) - The departure of Air One, the front-runner to win the
auction after a slew of suitors threw in the towel, leaves only
U.S. fund MatlinPatterson still in the fray ahead of Monday's
deadline for final offers for the airline.




But few expect the U.S. fund to bid, and Italy's transport
minister Alessandro Bianchi has said he is skeptical of the
fund's interest since "they don't seem to give big signs of
life" in the tender.


Read more at Reuters.com Mergers News

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