Iberia Receives Takeover Approach
A group of investors close to Spanish billionaire Alicia Koplowitz plans to make a formal bid for Iberia in the next few weeks, the group said yesterday. The group plans to offer a purchase price of EUR3.60-3.90 (US$ 5.26-US$5.70) a share, valuing the airline at up to EUR3.7 billion (US$5.4 billion)...
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