BRASILIA, Dec 9 (Reuters) – Shares in Brazil’s largest
domestic airline Gol Linhas Aereas Inteligentes SA
and its loyalty program Smiles Fidelidade rose
sharply early on Monday after Gol offered to buy out the
minority shareholders in Smiles.
Gol shares rose more than 5% to a six-week high of 38.20
reais ($9.10) after the company announced its stock and cash
offer on Monday morning, while shares in Smiles surged more than
20% to an eight-week high of 38.19 reais.
($1 = 4.1964 reais)
(Reporting by Jamie McGeever; Editing by Edmund Blair)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters
or its third party content providers. Any copying, republication or redistribution of Reuters content, including
by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.
"Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.