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Aer Lingus Board Rejects Ryanair’s Third Hostile Takeover Attempt

A third attempt by Ryanair to take control of Aer Lingus has been rejected by the target carrier’s board of directors.

The rejection of Ryanair’s bid of €1.30 ($1.65) a share not only undervalues Aer Lingus, but coincides with a U.K. regulatory examination of the low-fare airline’s two previous takeover attempts and the effect of its current 29.82% holding in Aer Lingus, the board tells shareholders in a recommendation to reject Ryanair’s bid.

Aer Lingus management also points to an improving financial performance and strengthened balance sheet.


 

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To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.