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BA-owner says Aer Lingus rejects revised approach

Reuters - UK Focus

LONDON, Jan 9 (Reuters) - The owner of British Airways said on Friday that Aer Lingus (Other OTC: AELGF - news) had rejected a revised takeover approach valuing the Irish airline at 2.40 euros per share.

International Consolidated Airlines Group (IAG) said it had made a renewed approach, lifting the offer to 2.40 euros in cash from its earlier 2.30 euros. It said that there was no certainty a new bid would be forthcoming.

Aer Lingus said in December it had rejected a takeover approach from its larger rival, which is keen to gain control of its airline slots at London's Heathrow Airport.

(Reporting by Kate Holton; Editing by Michael Urquhart)