Anybody have any more info on this possibility?
Dow Jones Business News
Swiss Air Surges On Merger, Takeover Hopes With Lufthansa
Tuesday May 6, 9:37 am ET
ZURICH -(Dow Jones)- Shares of troubled Swiss International Air Lines Tuesday soared almost 40% on hopes the flag carrier could join forces with German peer Deutsche Lufthansa AG .
Rumors that the companies could either merge or Lufthansa take over its unprofitable Swiss peer have been on the rise since late last month, when Swiss media reported the airlines were in joint talks.
However, while Swiss confirmed it was in talks with Lufthansa, it said they were part of the company's general and ongoing dialogue with other industry members.
Lufthansa declined comment on the content talks.
At 1320 GMT Swiss shares were up 57.5% at CHF7.65 in unusually high volume. The leap follows a 20% rise Monday, dealers said.
The dramatic increase in the share price had sparked renewed rumors of a merger, dealers said.
"The volume is rising. Where there's smoke there is fire," said one dealer.
Company Web Site:
http://www.swiss.com
-By Goran Mijuk, Dow Jones Newswires; +41 1 211 70 14;
[email protected]