IAG increases Aer Lingus offer to EUR2.55 per share

Aer Lingus announced (26-Jan-2015) its board of directors has received a revised takeover proposal from International Airlines Group (IAG) of EUR2.55 per share, comprising a EUR2.50 per share offer as well as a EUR0.05 cash dividend per share. The board is now considering the revised proposal. Aer Lingus stated: "The Revised Proposal remains conditional on, amongst other things, confirmatory due diligence, the recommendation of the Board of Aer Lingus and the receipt of irrevocable commitments from Ryanair Limited and the Minister for Finance of Ireland to accept the offer." IAG added: "The proposal is subject to certain pre-conditions. There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate." [more - original PR - Aer Lingus] [more - original PR - IAG]