Market sources have denied reports of advanced merger talks between Arkia Airlines Ltd. and IDB Holding Corp. Ltd. (TASE:IDBH) unit Israir. Sources claim that if there were such talks they would have been reported to the Tel Aviv Stock Exchange (TASE).
One source told "Globes" that, "In that sector everyone talks with everyone else, but negotiations between Arkia and Israir that began a year ago have made no progress."
Last week "Globes" was the first to report that merger talks between El Al Israel Airlines Ltd. (TASE: ELAL) and Israir. This was confirmed by El Al in an announcement to the TASE the following day.
No comments:
Post a Comment