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Aer Lingus rejects Ryanair

Dublin, Ireland - "The offer undervalues its real value"

Aer Lingus Group rejected a 524 million Euros hostile bid from Ryanair to buy the stock in the airline it doesn’t already own, saying the low-cost carrier’s second offer in two years is too low. Ryanair, which already holds 29.82% of Aer Lingus, bid 1.40 Euros for each share today, half the price offered in 2006. Aer Lingus said antitrust questions that scuttled the earlier transaction remain in...

AVIONEWS - World Aeronautical Press Agency - 1097339

AVIONEWS - World Aeronautical Press Agency
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