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EU: IAG Extends Offer for Aer Lingus

By  |  July 16, 2015

British Airways parent IAG said Thursday it would extend its offer period for the takeover of Aer Lingus two weeks as it seeks to close a deal that has won regulatory approval.

The offer period was due to close on Thursday but will now be extended until 1 p.m. local time on July 30, IAG Chief Financial Officer Enrique Dupuy de Lôme said in a statement.

The moves comes after IAG won backing from Aer Lingus shareholders for route guarantees that are key to its planned takeover of the Irish carrier in one of the final steps to complete the deal.

Full content: The Wall Street Journal

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