(Reuters) - The board of Italian airline Alitalia accepted a takeover offer early on Sunday from Air France-KLM.
Following are details of the offer:
SHARES
One Air France-KLM share for every 160 Alitalia shares
Offer covers 100 percent of Alitalia shares
Air France-KLM to issue 8.7 million new shares
Offer conditional on 49.9 percent acceptances before the exercise of convertible bonds or 62 percent when fully diluted.
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