Deals
Traders Doubt Lan’s $4 Billion Takeover Bid for Tam
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Investors are doubting Lan Airlines SA’s ability to complete its planned takeover of Brazilian carrier Tam SA, stock trading shows.
Tam is trading 18 percent below Santiago-based Lan’s Aug. 13 offer price, as much as twice the discount for past global airline combinations a month after they were announced, according to data compiled by Bloomberg.