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Glance-STOCKS NEWS EUROPE-Lufthansa bid hopes lift Austrian Airlines
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09:13GMT 17Nov2008-Lufthansa (Xetra: 823212 - news) bid hopes lift Austrian Airlines (Vienna: 675054.VI - news)
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Austrian Airlines rises as much as 15 percent on expectations
Lufthansa's bid for the carrier's state-owned stake could benefit
free-floating shares.
Investors hope Lufthansa will make a buyout offer for minorities at the
six-month average price which is some 4.14 euros.
'Many are expecting at least 4 euros (per share),' a trader says. The stock
is trading at 3.23 euros after a steep rally on Friday.
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