World Economy

$1.55b Deal Makes Sense

$1.55b Deal Makes Sense$1.55b Deal Makes Sense

The board of Aer Lingus strengthened its support for British Airways-owner IAG’s takeover approach, saying that after talks with the airline, the deal made compelling commercial sense, RTE News reported. IAG’s €1.36b ($1.55b) takeover approach already had the qualified backing of Aer Lingus’s board with a formal recommendation subject to the government selling its 25% holding. The government has yet to be convinced.