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Lufthansa Buys $300M Stake in JetBlue

German giant will own 19% of ailing US airline

By Zach Samalin, Newser Staff

Posted Dec 13, 2007 4:59 PM CST

(Newser) – Lufthansa will purchase a 19% stake in lagging JetBlue Airways for about $300 million, a move that reflects the industry-wide consolidation underway in recent months. The sale price of $7.27 a share is a 16% premium on yesterday's closing price of $6.25.
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Lufthansa Buys $300M Stake in JetBlue

German giant will own 19% of ailing US airline

airline industry • JetBlue • Lufthansa

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