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Stock Market & Financial Investment News

News Breaks
June 12, 2012
10:12 EDTLFL, TAMLan Airlines, TAM combination reaches 94.4% approval, exchange offer extended
LAN Airlines (LFL) and TAM S.A. (TAM) announce at the scheduled expiration time of the offer of Holdco II S.A., a newly formed entity to be merged into LAN, to exchange TAM shares for LAN BDRs in Brazil and LAN ADRs in the United States, at a ratio of 0.9 shares of LAN for each TAM share, that the number of TAM shares tendered plus the TAM shares to be contributed by the controlling shareholders of TAM represented 94.4% of the outstanding TAM shares. The number of tendered shares was not sufficient to satisfy the 95% squeeze-out condition set forth in the exchange offer documents. Unless this condition is satisfied, TAM will not be able to mandatorily redeem any TAM shares not acquired in the exchange offer or contributed by the controlling shareholders of TAM. Based on these results, LAN and Holdco II waived the squeeze-out condition and extended the exchange offer for 10 calendar days. The exchange offer will now expire at 5:00 P.M. Eastern Daylight Time on June 21, 2012, and the auction on BM&FBOVESPA S.A. Bolsa de Valores, Mercadorias e Futuros will occur at 9:00 A.M. Eastern Daylight Time on June 22, 2012.
News For LFL;TAM From The Last 14 Days
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August 12, 2014
18:38 EDTLFLLATAM Airlines reports Q2 operating net income ($58.9M), consensus (6c)
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August 8, 2014
16:40 EDTLFLLATAM Airlines reports preliminary July traffic down 1.4%
LATAM Airlines Group S.A. reported its preliminary monthly traffic statistics for July compared to July 2013. System passenger traffic decreased by 1.4% while capacity decreased by 3.2%. As a result, the company's load factor for the month increased 1.6 points to 84.7%. International passenger traffic accounted for approximately 51% of the month's total passenger traffic. Domestic passenger traffic in LATAM Airlines Group's Spanish speaking operations - Chile, Argentina, Peru, Ecuador and Colombia- rose 5.0%, while capacity increased by 2.1%. As a consequence, the domestic passenger load factor increased 2.2 points to 80.9%. Domestic passenger traffic in Brazil decreased by 7.8%, while capacity decreased by 7.0%. As a consequence, the domestic Brazil passenger load factor decreased 0.7 points to 83.8%. International passenger traffic increased by 1.3%, while capacity decreased by 2.2%. Accordingly, the international passenger load factor for the month increased 3.0 points to 86.6%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.
August 7, 2014
06:23 EDTTAMTaminco backs FY14 adjusted EBITDA view of $290M-$295M
06:22 EDTTAMTaminco reports Q2 EPS 21c, consensus 59c
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