08-Jun-2011 3:20 PM
LAN expects TAM takeover by 1Q2011
Analysis
LAN announced it expects its takeover of TAM to be finalised by Mar-2012, depending on the resolution of regulatory issues. LAN CEO Enrique Cueto originally expected to conclude the merger by the end of 2011 but investigations by the Chilean antitrust authority are not expected to be finished until late 2011 or early 2012.
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