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TAM shares jump as LAN Airlines extends share swap
A plane from TAM Airlines flies over Fortress Sao Luis after leaving Santos Dumont airport in Rio de Janeiro September 28, 2011.
Credit: Reuters/Sergio Moraes
SAO PAULO |
SAO PAULO (Reuters) - Shares of Brazilian airline TAM TAMM4.SA jumped as much as 9 percent in early Tuesday trading after Chile's LAN Airlines LAN.SN extended a share swap as part of a takeover of TAM to form Latin America's largest airline.
(Reporting by Brad Haynes; editing by John Wallace)
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