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...

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