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[$$] IAG Confirms Failed Talks With Norwegian

SA (IAG.LN) said Friday that it is considering its options after failing to reach an agreement over a potential takeover of Norwegian Air Shuttle ASA (NAS.OS). In presentation slides accompanying its first-quarter release, British Airways-owner IAG confirmed it has contacted Norwegian Air’s board but no agreement has been reached. Norwegian Air said in a response that it received two separate conditional proposals from IAG for a potential complete takeover, both of which its board unanimously rejected “on the basis that they undervalued NAS and its prospects”.