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Vueling Airlines SA Rejects International Consolidated Airlines Group SA’s Takeover Offer-Reuters

Thursday, 7 Mar 2013 02:48pm EST 

Reuters reported that the Board of Spanish low-cost airline Vueling Airlines SA (Vueling) on March 7, 2013 recommended that shareholders reject a takeover offer from International Consolidated Airlines Group SA (IAG). The Members of the Board said the offer of EUR 7 per share did not reflect the value of Vueling. IAG owns 45.85% of Vueling.