Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

A Member of the Law Professor Blogs Network

Friday, December 14, 2007

Lufthansa Purchases 19% Stake in Jet Blue

Jet Blue Airways becomes the latest struggling U.S. company to get a cash influsion from overseas, as Lufthansa announced it would take a 19% stake in the discount airline for $300 million.  Lufthansa is purchasing 42 million common shares at $7.27, a premium over yesterday's close of $6.25.  It will also have the right to nominate one director.  The deal is subject to regulatory approval.  WSJ, Lufthansa to Buy 19% Stake in JetBlue.

http://lawprofessors.typepad.com/securities/2007/12/lufthansa-purch.html

News Stories | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e54fa3dded8833

Listed below are links to weblogs that reference Lufthansa Purchases 19% Stake in Jet Blue:

Comments

Post a comment