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