Company Watch - Alitalia.Dec 11, 2006 Italy's government, as expected, moved to sell 30.1% of its 49.9% stake in troubled Alitalia Alitalia Italian international airline with headquarters in Rome. Although the airline no longer commands monopoly status in its country, as of 2002 the Italian government still owned a majority share of the company. , insisting that new investment is the only way to save the carrier. But the government said it would only consider potential buyers that agree to make a full takeover bid Noun 1. takeover bid - an offer to buy shares in order to take over the company two-tier bid - a takeover bid where the acquirer offers to pay more for the shares needed to gain control than for the remaining shares and "maintain the national identity of the company and its logo and brand." Dec 7, 2006 Italian government ready to sell off more of Alitalia. The Italian government on Friday confirmed its intention to reduce its controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Alitalia in an effort to lift the carrier out of the red and into an alliance. Dec 4, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Nov 13, 2006 |
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