The bottom line
Beleaguered Italian airline Alitalia accepted a discounted $1.17 billion takeover from French-Dutch carrier Air France-KLM . . .
Beleaguered Italian airline Alitalia accepted a $1.17 billion takeover from French-Dutch carrier Air France-KLM. The 15-cent-a-share deal is an 80 percent discount on Alitalia’s closing price Friday. “Alitalia has given a painful yes to the French,” said the Italian business daily Il Sole-24 Ore in an editorial. The deal requires approval from the Italian government, which owns 49.9 percent of the airline. (The New York Times, free registration)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- 7 language habits that reveal your age
- I hate Ayn Rand — but here's why my fellow conservatives love her
- The 11 worst fast food restaurants in America
- Here's the schedule very successful people follow every day
- The biggest lesson Obama failed to learn from Bush
- 7 things the world's happiest people do every day
- 7 grammar rules you really should pay attention to
- Why Peter Capaldi has a bigger challenge than any Doctor Who in history
- The weird obsession that's ruining the GOP
- Britain has basically decriminalized internet piracy. The U.S. should, too.
Subscribe to the Week