Well to be fair British Airways have not made a bid offer, IAG have and this is a Spainish based holding company who will bid only what they see is a fair price given their shareholders have to meet and approve any increased offer ,
It seems to me IAG really want EI , but want a fair price , I think after three offers EI have to put it to the shareholders , given only 2 large shareholders
FR and Irish Gov then these two get to decide ? Interesting weekend ahead
For some, still €2.50 is getting there , FR paid an average price of €2.57 I think so just a wee bit more ,,,,
Completely irrelevant what FR paid as the loss in value was written down years ago to virtually nothing, any sale will immediately generate a substantial profit and lots of cash coming in.