Italian airline accepts takeover bid

Alitalia’s board has unanimously accepted Air France-KLM’s bid to buy the struggling Italian airline.

Italian airline accepts takeover bid

Alitalia’s board has unanimously accepted Air France-KLM’s bid to buy the struggling Italian airline.

The Air France-KLM offer calls for a share swap of 160 Alitalia shares for every Air France share, the price at market close on Friday.

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