Aer Lingus’ board is considering a third takeover proposal from International Airlines Group (IAG), which has increased its potential bid to €2.55 ($2.86) per share, 10.9% higher than its original proposal. British Airways and Iberia parent IAG made an initial €2.30 per share takeover approach on Dec. 16, but the Aer Lingus’ board said this undervalued the airline. On Dec. 29 it increased its proposal to €2.40 per share, which was again rejected. This latest bid of ...

Subscribe to Access this Entire Article

"Aer Lingus mulls IAG’s third takeover attempt" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.