Iberia said it will not open its books to a Spanish consortium led by Gala Capital, which approached the airline last month with a suggested offer of €3.60-€3.90 ($5.17-$5.60) per share (ATWOnline, Nov. 28). "For the board of directors it is essential to maintain a framework of stability and certainty, which is being compromised by the excessive delay in the analysis of the company undertaken by interested third parties who, to date, have not submitted any binding offer," IB ...

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