May 4, 2018 / 8:13 AM / 17 days ago

BRIEF-Norwegian Air says rejected takeover proposals from IAG

May 4 (Reuters) - Norwegian Air Shuttle Asa (NAS) said:

* HAS RECEIVED TWO SEPARATE CONDITIONAL PROPOSALS FROM IAG GROUP IN RELATION TO AN ACQUISITION OF 100 PERCENT OF SHARE CAPITAL OF NAS

* THESE PROPOSALS WERE REVIEWED IN CONJUNCTION WITH NAS’ FINANCIAL AND LEGAL ADVISERS, AND WERE UNANIMOUSLY REJECTED ON BASIS THAT THEY UNDERVALUED NAS AND ITS PROSPECTS

* BOARD OF NAS REMAINS FULLY COMMITTED TO DELIVERING ON ITS STATED STRATEGY, FOR BENEFIT OF ALL NAS SHAREHOLDERS Source text: bit.ly/2JRQBG8 Further company coverage: (Reporting By Terje Solsvik)

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