28th May 2015 06:12
LONDON (Alliance News) - International Consolidated Airlines Group on Thursday said its EUR2.55 per share offer for Irish flag carrier Aer Lingus Group PLC is its final offer and will not be raised.
IAG moved a step closer to securing a deal to acquire Aer Lingus on Tuesday after the Irish government gave its backing to its EUR1.4 billion offer, though this still needs to be passed through an Irish parliamentary vote.
The other step IAG still has to overcome is securing the support of Ryanair Holdings PLC, the budget carrier which holds a 29.8% stake in Aer Lingus.
By Sam Unsted; [email protected]; @SamUAtAlliance
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