Flight: Aer Lingus evaluates new offer from IAG
2015-01-26 09:55
(SIX) Irish Aer Lingus is considering a new bid of 2.55 euros per shares, worth a total of 1.36 billion, from International Airlines Group, the owner of British Airways and Iberia, writes Reuters. The new bid consists of 2.50 euros in cash and 0.05 euros in dividends. The offer is conditional upon that it is recommended by Aer Lingus Board and irrevocable acceptances from the two largest shareholders: the Irish State and Ryanair. IAG has twice previously made a bid for Aer Lingus, but failed to get with the owners. The last bid was at 2.40 euros per share. Although Ryanair has tried to buy Aer Lingus but then faltered of the competition authorities. The company currently has 29.9 percent of shares while the Irish state has 25 percent. Andreas Johansson, tel +46 31 350 6483 mailto: andreas.johansson@six-group.se www.blogg.six.seSIXNews SIX News
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