Thursday, July 26, 2007

UPDATE 2-Alitalia asks for money as Rome ponders next move

(Reuters) - ROME, July 26 - Alitalia has asked for
more money as the Italian government, barred by the European
Union from pumping more cash into the ailing carrier, struggles
to figure out how to save it.




Rome is unsure whether to start a new bid process from
scratch or begin direct talks with potential suitors after its
seven-month auction collapsed last week when all bidders pulled
out, the economy minister said on Thursday.


Read more at Reuters.com Mergers News

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