International Airlines Group (IAG’s) has increased and revised its offer to purchase Barcelona-based Vueling Airlines. The new bid increases IAG’s offer to €9.25 ($11.86) a share from €7 and revises the minimum purchase requirement from 90% of Vueling’s voting stock not currently owned by IAG’s Iberia operation to 4.16%. If accepted by Vueling’s board of directors, this minimum requirement would give IAG a 50.01% stake in Vueling. That same board earlier this month rejected IAG’s ...

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