Deals
SAS Shares Jump in Stockholm on ‘Bidding War’ Report
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SAS AB, the biggest Nordic airline, rose to the highest price in eight weeks after a Danish newspaper reported that Air France-KLM Group, Deutsche Lufthansa AG and British Airways Ltd. would be ready to enter a bidding war over the carrier.
SAS jumped 2.50 kronor, or 11 percent, to 25 kronor at the 5:30 p.m. close of trading in Stockholm. Borsen reported on Dec. 31, without citing anyone, that all major airlines would be interested if a sale process starts.