Ryanair (Dublin) has made another attempt to acquire a controlling share of rival Aer Lingus (Dublin). The ultra low-fare carrier which already owns slightly under 30 percent of the current Aer Lingus stock is offering a premium price of 1.30 euros a share, a 38 percent premium according to this report by Reuters. If Ryanair is successful in becoming the majority owner, the acquisition of the stock would still be subject to approval by the European Commission which in 2007 blocked a previous attempt by Ryanair due to concerns about the lack in competition in the Irish market if a transaction was approved.
Meanwhile Aer Lingus has told its shareholders to do nothing and to hold on to their shares. Will a quick profit tempt many stockholders?
Read the full report: CLICK HERE
Top Copyright Photo: Paul Bannwarth.
Bottom Copyright Photo: Jay Selman.