27/01/2015

Aer Lingus To Recommend Sale To IAG

Aer Lingus has indicated that it is to recommend to its shareholders the acceptance of a revised takeover offer from IAG.

The latest offer involves an all cash offer of €2.50 per share and a cash dividend of €0.05 per share.

However, Aer Lingus said the offer was conditional on agreement with Ryanair and the Irish government, the airlines main shareholders.

(MH/CD)

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