Lufthansa takeover of Alitalia nearing completion [Yahoo! Finance]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
Company Research
Source: Yahoo! Finance
In May 2023, the two airlines agreed that Lufthansa would pay $356m for a 41% stake in Alitalia. While this was approved by the Italian government, who was eager to offload an asset that has become a drain on limited resources for years, the deal still had to be approved by the EU Commission for Competition. The EU expressed worries over preserving competition in the airspace, particularly for long-haul flights. While Alitalia has been unprofitable for a long time, it functions over Italy which is one of Europe's most competitive aviation markets. The review process has been contentious, at times putting into question if the transaction would be approved. However, Lufthansa's CEO Carsten Spohr was optimistic that the deal would go through. On Monday (November 11), the Italian government said it had presented the EU with a set of solutions for their concerns on the deal. This came after the Italian Economy Ministry rejected the German airline's request to adjust the acquisition
Show less
Read more
Impact Snapshot
Event Time:
DLAKY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DLAKY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DLAKY alerts
High impacting DEUTSCHE LUFTHANSA S/ADR news events
Weekly update
A roundup of the hottest topics
DLAKY
News
- Report: Lufthansa Airlines to cut 400 admin jobs [Yahoo! Finance]Yahoo! Finance
- Italy says all systems go for Lufthansa to buy into ITA [Yahoo! Finance]Yahoo! Finance
- Italy and Lufthansa reach deal on ITA Airways stake [Yahoo! Finance]Yahoo! Finance
- Alitalia will lay off over 2,000 remaining employees as liquidation nears [Yahoo! Finance Canada]Yahoo! Finance Canada
- Alitalia will lay off over 2,000 remaining employees as liquidation nears [Yahoo! Finance]Yahoo! Finance