Aer Lingus rejects the hostile takeover bid by rival Ryanair

Aer Lingus‘ (Dublin) board of directors today rejected a takeover bid by rival Ryanair (Dublin). Ryanair yesterday launched a new bid to take control of the Irish international flag carrier. The board is recommending that all stockholders take no action on any proposals by Ryanair. Ryanair currently controls 29.82 percent of the Aer Lingus stock and is seeking to acquire a controlling share.

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Copyright Photo: Paul Doyle.

Aer Lingus: