Norwegian rejects two IAG takeover offers

7 May, 2018

Norwegian Air Shuttle (NAS) declined (04-May-2018) two separate conditional proposals from IAG in relation to an acquisition of 100% of the share capital of NAS. Norwegian said the proposals were reviewed in conjunction with NAS' financial and legal advisers and were unanimously rejected on the basis that they "undervalued NAS and its prospects". [more - original PR]