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 ...

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