Entries tagged "British Airways"
A look at the news moving deal-related stocks including Hewlett-Packard, 3Com, Dow Chemical and Motorola.
If the markets don't want to play along, British Airways plc captain Willie Walsh would just rather take his airline and go home. The executive this weekend said the current market caps of his company and takeover target Iberia Líneas Aéreas de España SA indicate that a merger would give Iberia just over 50% of the combined group and BA investors just under 50%. Walsh told the Financial Times on Friday, such an arrangement would be unacceptable to BA's owners and that he felt under no pressure to make the deal work. ...
The world is getting smaller, and rumblings of a possible cross-border merger of British Airways plc and Iberia Lineas Aereas de Espana SA of Spain is proof of that. Although cross-border M&A deals in the airline industry are certainly not new, experts say these types of deals will become a growing trend because of the rising cost of fuel. For British Airways and Iberia, was the 63% increase of crude oil over the last 12 months a fortuitous event that brought the two companies even closer or just a natural progression of their existing relationship? Some might say both...
