UPDATE: Delta Air Lines (DAL), United (UAL) Said Near Avianca (AVH) Bids as Elliott Meets Suitors - Bloomberg

November 1, 2016 3:54 PM EDT

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
(Updated - November 1, 2016 3:59 PM EDT)

Avianca (NYSE: AVH) is studying options including the sale of a controlling stake, and it is set to receive bids next week from suitors including Delta Air Lines (NYSE: DAL) and United (NYSE: UAL) according to Bloomberg, citing people familiar with the matter.

Copa Holdings (NYSE: CPA) is also expected to present a bid.

Offers may include $500 million in new capital plus a purchase of common stock from current shareholders.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Hedge Funds, Hot M&A, Mergers and Acquisitions, Rumors, Trader Talk

Related Entities

Elliott Associates

Add Your Comment