Alitalia Stock Plunges As Board Accepts Air France-KLM Offer
Alitalia’s shares dropped sharply on Monday, even though the carrier’s board of directors accepted an offer by Air France-KLM to take over the airline. The stock plunged 38% in the morning after news emerged that the Air France-KLM offer values the Italian carrier at only EUR139 million, an 81%...
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