UPDATE 4-Gol buyout plan wipes 39 pct off Smiles market cap, prompts Brazil inquiry
October 15, 2018 at 17:42 PM EDT
Brazilian airline Gol Linhas Aéreas Inteligentes SA on Monday announced a plan to buy out minority shareholders in its loyalty program Smiles Fidelidade SA for an undisclosed price, battering the unit's shares and prompting regulatory scrutiny.
