Aer Lingus takeover: IAG to finalise deal as Ryanair agrees share sale
A Ryanair spokesman said it submitted its acceptance of the IAG’s offer for its shares in Aer Lingus today.
The confirmation is the final hurdle in IAG’s nearly year long struggle to takeover the former Irish flag carrier for an estimated €1.5bn.
Ryanair’s sign off clears the way for Aer Lingus shareholders to receive payment for their shares.
Aer Lingus shareholders are to receive €2.55 in cash for each share held, comprising a cash payment of €2.50 and a cash dividend payment of 5 cents.