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Aer Lingus Board Rejects Second IAG Takeover Attempt
International Airlines Group (IAG) has once again been rebuffed by Aer Lingus, despite increasing its offer from €2.30 ($2.72) to €2.40 per share.
“IAG notes recent press speculation and confirms it submitted a revised proposal to make an offer for Aer Lingus on Dec. 29, 2014, which has been rejected by the board of Aer Lingus,” IAG said in a stock market disclosure on Friday.
It confirmed that it had made a second cash offer €2.40 per Aer Lingus share, “subject to certain pre-conditions”.