Here's the details peeps...
22 Jun 2009 - 13:06
FRANKFURT, June 22 (Reuters) - Deutsche Lufthansa AG : * Says Sir Michael Bishop and Lufthansa have reached an out-of-court settlement * Says Sir Michael Bishop agrees that specific performance of the put option
will not be available and consequently Deutsche Lufthansa will not be
required to acquire the shares * Says it will pay consideration of GBP 175 million for the cancellation of the
put option on BMI * Says with effect from 1 July 2009, LHBD Holding Limited will acquire BBW's entire stake of 50 per cent plus one share in BMI for approximately GBP 48 million * Says initially, BMI will remain UK owned * Says after obtaining the necessary traffic rights, Lufthansa expects to be able to acquire 100 per cent of LHBD
Best regards,
The Count