What’s going on with Aer Lingus and British Airways-owner IAG?
Since Irish flag carrier Aer Lingus revealed in mid-December that it had knocked back a takeover offer from IAG, the City has been abuzz with speculation that IAG would come back with a better offer.
The Irish Independent reported earlier in the week that the airliner made a second approach in the range of €2.40 to €2.60 a share, but this is believed to have been knocked back. Now word is IAG is set to table a knock-out €2.95 a share offer over the weekend. The chatter came as IAG, which also owns Spain’s Iberia, revealed a chunky 10.8 per cent rise in passenger numbers during December. IAG slipped 7.5p to 473.7p, while Aer Lingus rose 0.09p to 2.28p.
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