Aer Lingus poised to accept IAG takeover bid

Sunday, 26 Jan, 2015 0

Aer Lingus is expected to accept the latest bid from British Airways and recommend the €1.3 billion takeover.

The latest offer for the Irish carrier by BA owner,  IAG, is believed to be €2.50 a share –  the equivalent of €1.3 billion, reports the Sunday Times.

It is the third offer by IAG as previous offers of €2.30 and €2.40 a share were rejected.

Buying Aer Lingus will provide BA with lucrative landing slots at Heathrow.

But the airline still needs to win the backing of Ireland’s government which is a 25% shareholder in the airline. Ryanair also has a 29.8% stake in Aer Lingus,



 

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Diane



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