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Tuesday, September 27, 2011

Chile LAN still studying TAM takeover conditions, (NYSE: LFL)

LAN Airlines LAN.SN (LFL.N) said on Tuesday it was still studying conditions imposed by Chile's anti-trust tribunal for its planned multibillion-dollar takeover of TAM (TAMM4.SA), and is confident the deal will be complete by the first quarter. LAN said in an emailed statement it had asked anti-trust regulator TDLC to rectify some "numerical errors" about its national and international tariffs, or yields, included in the ruling.

Lan Airlines SA (LAN) is a Chile-based passenger airline and air cargo operator. Shares of LFL traded higher by 0.5% or $0.12/share to $23.98. In the past year, the shares have traded as low as $21.19 and as high as $32.68. On average, 451517 shares of LFL exchange hands on a given day and today's volume is recorded at 713181.