Reuters: Mergers News: Chile LAN sees TAM takeover by early June

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Chile LAN sees TAM takeover by early June Apr 26th 2012, 14:42 SANTIAGO, April 26 | Thu Apr 26, 2012 10:42am EDT SANTIAGO, April 26 (Reuters) - Chilean airline LAN said on Thursday it expects to complete its takeover of Brazil's TAM by the first week of June, creating one of the world's biggest airlines. LAN, which had previously hoped to complete the deal by mid-May, expects to launch a share swap under the merger process in the next couple of weeks, Chief Financial Officer Alejandro de la Fuente told a shareholder meeting. He added that LAN plans to invest $1.7 billion on aircraft in 2012, part of a wider fleet investment plan.

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