logo
Share SHARE
FONT-SIZE Plus   Neg

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

Lan Airlines S.A. (LFL) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
We are well into the third quarter and past the middle of the year and it is time to take stock of regulatory decisions awaiting some biotech stocks in August. Despite the uncertain macroeconomic environment, the markets have run up, with the S&P 500 Index making new highs session after session. Valuation concerns may keep traders at bay. However, the biotech space is a different cup of tea. Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the second quarter, driven mostly by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations, sending shares of the company up by 3 percent... Apple Inc. (AAPL) has announced that it recently sold its 1 billionth iPhone, about nine years after the first iPhone was launched. "iPhone has become one of the most important, world-changing and successful products in history. It's become more than a constant companion. iPhone is truly an essential...
comments powered by Disqus
Follow RTT