Five months on from first approach, IAG still can't get the clearance to land airline deal
Published 14/05/2015 | 02:30
Five months ago today, IAG made its first approach to buy Aer Lingus, marking what would be the beginning of a political and corporate saga that has divided public opinion.
Two days later, on December 16, Aer Lingus told IAG it wasn't interested based on the €2.30 per share that was on the table. By the end of January, IAG had offered €2.55 a share and things really got going.
Had this been a straight corporate deal it would have already concluded - one way or the other - by now.