LAN says signs non-binding deal with TAM to merge
SANTIAGO |
SANTIAGO Aug 13 (Reuters) - Chile's flagship airline LAN LAN.SN said on Friday it has signed a non-binding agreement with Brazil's TAM (TAMM4.SA)(TAM.N) to merge both companies.
Shares in LAN surged over 7.7 percent after an earlier report on the possible merger.
(Reporting by Brad Haynes; Editing by Gunna Dickson)
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