Manufacturing Industry
Air France and KLM to launch share swap
Airline Industry Information, April 5, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
Air France is expected to launch its agreed takeover offer for KLM Royal Dutch Airlines today (5 April).
The share swap agreement - which was initially due to start on 22 March - will see Air France swap 11 shares for every 10 KLM shares.
Air France and KLM are scheduled to merge in September 2004, in a deal which would form the world's largest global airline, reported The Associated Press.
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