Air France KLM eyes full Alitalia acquisition in 2013
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Air France KLM (AF KLM) is aiming to buy Alitalia (AZ) in 2013 through a share swap, La Tribune reported.
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Alitalia 777-200. By Rob Finlayson Air France KLM (AF KLM) is aiming to buy Alitalia (AZ) in 2013 through a share swap, La Tribune reported. However, using shares instead of cash to finance the acquisition will require a rebound of its share price, which is trading at around €4 ($5.27), and a swift execution of its three-year “transformation plan” to bring the company back to profitability (ATW Daily News, Jan.13). AF KLM will announce full-year …