IAG raised takeover offer for Vueling

Victoria
By Victoria March 28, 2013 14:33

IAG raised takeover offer for Vueling

International Consolidated Airlines Group has raised its tender offer for 100% shares of Vueling Airlines from €7 euros per share to €9.25 euros per share. The offer acceptance period has been extended from 39 to 48 calendar days.
Shares in Vueling opened up sharply on the news – at 1558 GMT yesterday were trading up 9.2 percent at €9.26 before Spain’s stock market regulator suspended trading in the budget airline with immediate effect, citing unspecified circumstances that could affect the price of its shares.

Victoria
By Victoria March 28, 2013 14:33
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