FL Group, parent of Icelandair, as expected, reached agreement with Sterling parent Fons Eignarhaldsfelag to acquire the Danish low-fare airline for DKK1.5 billion ($241 million) including DKK1.1 billion in cash and DKK400 million worth of shares in FL Group (ATWOnline, Oct. 20). The purchase price is subject to Sterling's achieving EBITDA for 2006 of at least DKK345 million. Should it fall short, the price may be reduced by up to DKK500 million. Conversely, it may be increased if Sterling ...

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