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Aer Lingus backs takeover, needs Irish government support

2015-01-27 09:37:47| Airlines - Topix.net

Aer Lingus announced Monday Jan. 26, 2015 that British Airways p... DUBLIN - Aer Lingus announced Tuesday it supports a takeover bid by British Airways parent IAG, putting the Irish airline with its trademark shamrock tailfins on course for foreign acquisition nine years after the national flag carrier's privatization. The 11-member Aer Lingus board said it could recommend IAG's latest bid of 2.55 euros per share, valuing the airline at 1.36 billion euros .

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