IAG plans to make third offer for Norwegian

According to Expansion (the Spanish financial newspaper), after two unsuccessful attempts, IAG, is outlining a third offer, this time €1.520 billion (US$1.778 billion) for Norwegian Air Shuttle ASA (Norwegian), a proposal that values the carrier’s shares at NOK330 (US$40.6), which represents a 32% increase over last Friday’s share price. On Tuesday May 22, Norwegian‘s share price rose 9,18% with the news of the potential third offer. This latest climb in Norwegian’s share price brings its capitalization to €1.300 billion (US$1.521 billion). Since IAG’s interest leaked out a month ago, its fluctuating share value has rallied by over 50% on the stock market.