Thursday, June 28, 2007

UPDATE 1-Iberia board ignores TPG bid in monthly meeting

(Reuters) - MADRID, June 28 - The board of Iberia
defied expectations by not discussing a 3.4 billion euro offer from a private equity group at its monthly
meeting on Thursday, three months after the airline received the
approach.




"It was not dealt with at the board meeting. It was not on
the agenda, and there will be no statement," a spokeswoman for
the airline said.


Read more at Reuters.com Mergers News

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