The Board of Directors at Aer Lingus has confirmed it has received another takeover bid from IAG.
In a statement to the stock exchange this morning, it says the offer values each share at €2.55.
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It's conditional on a number of other factors.
Transport Minister Paschal Donohoe is to brief the cabinet on the development at tomorrow's weekly meeting.
Concerns have been expressed by Clare TDs, Clare County Council and management at Shannon Airport that any sale of Aer Lingus could see an end of access to Heathrow for the MidWest.
