IAG has no intention of raising Vueling offer, reports claim
International Airlines Group (IAG) will not increase its initial 7.0 euros-per-share offer for Spanish low-cost airline Vueling, Expansion reports.
International Airlines Group (IAG) will not increase its initial 7.0 euros-per-share offer for Spanish low-cost airline Vueling, Expansion reports.
The announcement follows a report by another Spanish newspaper, which said that the airline intended to boost its offer to €7.50-8.00 per share.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Regardless, the same analysts pointed out that IAG is governed exclusively by the rules applicable to voluntary offers, in which case the offerer is not required to offer an equitable price.
MG
-
What do rising oil prices mean for you?As conflict in the Middle East sparks an increase in the price of oil, will you see petrol and energy bills go up?
-
Rachel Reeves's Spring Statement – live analysis and commentaryChancellor Rachel Reeves will deliver her Spring Statement today (3 March). What can we expect in the speech?
