Alitalia accepts Air France bid, says offer valid if conditions met by March 31
03.16.08, 12:13 PM ET

MILAN (Thomson Financial) - Alitalia SpA said its board has unanimously accepted a binding takeover bid from Air France-KLM but added that the offer, which values the state-controlled carrier much below its market price, will be launched only if a series of conditions are fulfilled by March 31. [Full article]