SAS shares soar after Reuters exclusive on Lufthansa takeover interest

Reuters was completely unmatched on Sept. 12 with an exclusive report that German airline Lufthansa was examining a takeover of Scandinavian airline SAS. SAS shares jumped 15 percent that day. Bloomberg had to resort to quoting our exclusive report on several occasions. After SAS’s shares were suspended on the Stockholm bourse, the company confirmed a few hours later that it was in talks about a possible “structural solution”. A spokesman declined to indentify the suitor. Shares in SAS extended their gains on Sept 15.