Shares in Chile's LAN Airlines LAN.SN (LFL.N) fell sharply in Wednesday trading, a day after the airline said a ruling by antitrust regulator TDLC was flawed and requested that the tribunal rectify calculations. Chile's antitrust tribunal last week gave conditional approval to the takeover, paving the way for the creation of one of the world's biggest airlines, but asking the merged entity to comply with a host of conditions. Shares fell as much as 3 percent before paring losses to trade down 1.69 percent, while Chile's IPSA index .IPSA was broadly flat, as some in the market deemed LAN's move could delay its multibillion-dollar takeover of TAM (TAMM4.SA). The TDLC said on Wednesday it would go over its ruling in light of LAN's request, newspaper La Tercera's online edition reported.
Lan Airlines SA (LAN) is a Chile-based passenger airline and air cargo operator. Shares of LFL fell by 3.29% or $-0.79/share to $23.19. In the past year, the shares have traded as low as $21.19 and as high as $32.68. On average, 455543 shares of LFL exchange hands on a given day and today's volume is recorded at 281648.
Source
