El Al in merger talks with Arkia – El Al has notified the TASE that initial talks are underway to buy the rival Israeli airline in an all-share deal. | Globes

El Al Israel Airlines Ltd. (TASE:ELAL) has notified the Tel Aviv Stock Exchange (TASE) that it is in initial talks to buy Israeli rival airline Arkia. El Al said, ‚Talks have begun with Arkia to examine a possible deal in which the company would buy Arkia’s shares in exchange for an allocation of the company’s securities to Arkia shareholders.“