LAN, TAM Continue with Steps Toward Merger www.SteeleTravelBlog.com

October 7, 2011
The boards of LAN and TAM have decided to continue with their plans to merge after analyzing the resolution of the Tribunal de Defensa de la Libre Competencia, Chile’s antitrust court. They don’t expect the measures to have a significant impact on expected synergies or future strategic development. Although the mitigation measures are broadly in line with those LAN and TAM were willing to accept in the consultation process,...