Chile's antitrust tribunal approved Chilean airline LAN's LAN.SN (LFL.N) multibillion-dollar takeover of Brazilian carrier TAM (TAMM4.SA) on Wednesday with conditions, paving the way for the creation of one of the world's biggest airlines. In Brazil, the deal has already cleared two out of three antitrust hurdles, and is now waiting on the country's antitrust council, Cade. Following are some key facts about LAN-TAM merger: * The merger between LAN and TAM will create the biggest airline in Latin America and one of the world's biggest in terms of passengers carried, with joint revenue worth some $10.4 billion in 2010. * Officials of both companies have said they expect the takeover to be completed at the end of this year or the beginning of 2012.
Lan Airlines SA (LAN) is a Chile-based passenger airline and air cargo operator. Shares of LFL fell by 0.61% or $-0.16/share to $26.07. In the past year, the shares have traded as low as $21.19 and as high as $32.68. On average, 423563 shares of LFL exchange hands on a given day and today's volume is recorded at 378664.
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