Aer Lingus Battle Against Ryanair Continues
Irish businessman Denis O'Brien yesterday increased his stake in Aer Lingus to 2.1% in an effort to help fend off a hostile takeover bid by Ryanair. O'Brien bought 9.1 million shares at EUR2.95 (US$3.69) per share. Ryanair has offered EUR2.80 per share and CFO Michael Cawley said yesterday that...
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