Deals
British Airways Owner IAG’s Second Aer Lingus Offer Spurned
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British Airways owner IAG SA said it lifted its bid for Aer Lingus Group Plc at the end of last month and and was rebuffed again by the Irish carrier’s board.
The adjusted proposal, made on Dec. 29, was a cash offer worth 2.40 euros ($2.84) a share, 10 cents more than the first two weeks earlier, London-based IAG said in a statement today. The latest approach values Aer Lingus at 1.28 billion euros.