Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Chilean Supreme Court Rejects LAN's Appeal Of 3 Of 14 Mitigation Measures

Lan Airlines S.A. (LFL: Quote) announced that the Chilean Supreme Court confirmed the approval granted on September 21, 2011, by the Chilean Antitrust Authority Tribunal de Defensa de la Libre Competencia to the merger transaction between LAN and TAM, including the mitigation measures imposed on this transaction.

The Supreme Court also rejected LAN's appeal of three of the 14 mitigation measures, which the Company considered to be illegal and unconstitutional.

LAN said that the company and TAM will continue to move forward with the merger within the established timeframes.

Click here to receive FREE breaking news email alerts for LAN Airlines S.A. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Germany's unemployment increased unexpectedly in August as worsening economic activity weighed on job creation. In addition, consumer price inflation, at a four-and-a-half-year low, boosted the scope for more stimulus from the European Central Bank. The number of people out of work increased by a seasonally adjusted 2,000 persons to 2.901 million in August, the Federal Labor Agency reported. NASA has approved the development of the world's most powerful rocket, designed to take humans beyond Earth orbit and to Mars. NASA officials Wednesday announced they have completed a rigorous review of the Space Launch System (SLS) -- the heavy-lift, exploration class rocket under development - and approved the program's progression from formulation to development, something no other exploration Eurozone economic confidence weakened more-than-expected in August to its lowest level in eight months, underscoring rising pessimism amid heightened geopolitical tensions and stagnating economic recovery. The economic confidence index fell to 100.6 in August, the lowest score since December, from 102.1 in July, the European Commission said Thursday.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.