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Article: BA confirms board talks on Iberia merger deal
- Article from:
- AP Online
- Article date:
- November 12, 2009
- Author:
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British Airways PLC and Spanish airline Iberia SA confirmed they are holding separate board meetings Thursday about a long-awaited merger, responding to feverish speculation that has sent the companies' shares soaring.
BA, the third largest airline in Europe, said the meetings would consider a "potential transaction" and that no deal has yet been reached. It declined to provide any further information.
The two airlines' shares surged Thursday on speculation that a deal announcement is imminent, possibly on Friday, when Iberia announces financial results that are expected to show an operating loss over the first nine months of the year.
An announcement would end ...