16th Jul 2015 16:27
LONDON (Alliance News) - International Consolidation Airlines Group SA said Thursday its recommended cash offer for Aer Lingus Group PLC has been extended and will remain open until 1300 BST July 30.
The offer was originally set to close 1700 BST Thursday.
Last Friday Ryanair Holdings said its board had voted unanimously to accept IAG's offer, removing the final barrier in the way of IAG's takeover bid. FTSE 100-listed IAG, the owner of British Airways and Iberia, made a EUR1.4 billion takeover offer for Aer Lingus earlier this year and has already secured the Irish government's support for the bid, along with that of the Irish flag carrier's board.
Shares in International Consolidated Airlines closed up 0.7% at 556.84 pence Thursday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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