Aer Lingus considers new bid from BA-owner

Dublin - Aer Lingus said on Monday it was considering a revised takeover approach from International Consolidated Airlines Group (IAG) after the owner of British Airways made a third bid of 2.55 euros per share.

The Irish airline said the bid comprised an all cash offer of €2.50 per share and a cash dividend of €0.05 per share, and that it remained conditional on the recommendation of the board and receipt of irrevocable commitments from Ryanair and the Irish government, its two largest shareholders.