Aer Lingus urges a Ryanair rebuff
Saturday 25 August 2012
Related articles
Aer Lingus yesterday urged its shareholders to reject the €700m (£553m) hostile takeover bid from its low-cost rival Ryanair.
The Irish flag carrier is on the end of its third takeover bid from Ryanair, which is offering €1.30 a share for the 70 per cent of the business it does not already own.
Aer Lingus said that offer was worth less than the gross cash it holds, which amounts to €1.96 a share. The airline added: "Aer Lingus is a strong and profitable airline with a proven business model; a strong balance sheet; and an internationally recognised and valued brand."
It said the offer "fundamentally undervalues the business", which had a net asset value of €1.48 per share at the end of June. It noted that this value did not include its valuable take-off and landing slots.
-
That's some guestlist! Stunning images show huge dynastic wedding between Ultra-Orthodox Jewish families which attracted 25,000 guests
-
'He was always smiling': Lee Rigby named as Woolwich victim
-
Heathrow airport reopens runways after British Airways plane 'on fire over London' makes emergency landing
-
Two bailed after arrest over Woolwich attack Twitter comments
-
Exclusive: Woolwich killings suspect Michael Adebolajo was inspired by cleric banned from UK after urging followers to behead enemies of Islam
- 1 Pope Francis: Being an atheist is alright as long as you do good
- 2 'He was always smiling': Lee Rigby named as Woolwich victim
- 3 'Something passed underneath us, quite close': Airbus A320 has close encounter with UFO
- 4 Lord of the Sings: Sir Christopher Lee, 91, to release heavy metal album
- 5 Two bailed after arrest over Woolwich attack Twitter comments
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Making reading fun for kids
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Introducing the 'Get Reading' campaign
Get the latest on The Evening Standard's campaign to get London's children reading.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
The man who's eaten everywhere
A Berliner in 1963 – but did John F Kennedy once admire Adolf Hitler?
Banned Iranian director to attend Cannes Film Festival
The 10 Best salt and pepper sets
Ferran Soriano: Predicting success if Manchester City 'vision' is followed
Edward VIII’s phone calls - and how MI5 bugged them


Comments