Ireland: Approval from the state sought

Published Jan 28, 2015

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THE BOARD of Irish airline Aer Lingus has recommended a raised e1.36 billion (R17.45bn) takeover offer from the owner of British Airways, which must now soothe Irish government concerns to win approval. The new offer from International Consolidated Airlines Group (IAG) is worth e2.55 per share, up from e2.40, and includes a cash offer of e2.50 per share and a dividend of e0.05. Aer Lingus said its recommendation was subject to being satisfied with how IAG proposed to address the interests of relevant parties. – Reuters

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