Reuters: Mergers News: Chile's LAN sees Brazil TAM takeover done mid-May

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Chile's LAN sees Brazil TAM takeover done mid-May Mar 29th 2012, 18:48 SANTIAGO, March 29 | Thu Mar 29, 2012 2:48pm EDT SANTIAGO, March 29 (Reuters) - Chile's LAN Airlines expects a share swap to take over Brazil's TAM in six weeks, wrapping up the multibillion dollar takeover by mid-May, LAN's Chief Executive Enrique Cueto said on Thursday at Chile's FIDAE air show. The takeover to create LATAM Airlines Group will create one of the world's biggest carriers and the largest in Latin America.

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