Airlines
Aer Lingus Rejects Takeover Bid by IAG
Says offer "fundamentally undervalues" the Irish flag carrier
An Aer Lingus Airbus A320 taxis at London Heathrow Airport (Photo: Flickr: Creative Commons (BY) by markyharky)
An Aer Lingus Airbus A320 taxis at London Heathrow Airport (Photo: Flickr: Creative Commons (BY) by markyharky)

Aer Lingus has rejected a takeover bid by British Airways parent International Airlines Group (IAG), the Irish flag carrier confirmed on Thursday. In a statement, Aer Lingus said it received a “preliminary, highly conditional and nonbinding approach from IAG” on December 14, and that it rejected the bid on December 16.