Ryanair backs IAG's Aer Lingus offer

• Ryanair (NASDAQ:RYAAY) has voted to accept an offer from IAG (OTCPK:ICAGY) for its 29.8% stake in Aer Lingus (OTC:AIRXY), paving the way for the British Airways-owner's €1.3B takeover of the Irish carrier.
• The board "believes that the current IAG offer maximizes Ryanair shareholder value," the Dublin-based company said in a statement.
• European Union approval is now seen as the last remaining hurdle for the proposed deal.
• Previously: IAG outlines concessions for Aer Lingus deal (Jun. 25 2015)
• Previously: Ireland backs sale of Aer Lingus, Ryanair next? (May. 27 2015)