This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-18517170#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
The article has changed 5 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Aer Lingus urges no action over Ryanair offer | Aer Lingus urges no action over Ryanair offer |
(40 minutes later) | |
The board of Aer Lingus has urged its shareholders to take no action following rival airline Ryanair's latest attempt to buy the company. | The board of Aer Lingus has urged its shareholders to take no action following rival airline Ryanair's latest attempt to buy the company. |
On Tuesday, Ryanair said it planned to make a cash offer for Aer Lingus, which would value it at 694m euros (£561m). | On Tuesday, Ryanair said it planned to make a cash offer for Aer Lingus, which would value it at 694m euros (£561m). |
Ryanair already owns 30% of Aer Lingus. | Ryanair already owns 30% of Aer Lingus. |
Aer Lingus said it noted the announcement by Ryanair of its intention to make "a third unsolicited offer" for the company, and said it would make a statement in due course. | Aer Lingus said it noted the announcement by Ryanair of its intention to make "a third unsolicited offer" for the company, and said it would make a statement in due course. |
On Friday, Ryanair's existing holding was referred to the UK's Competition Commission for a probe that could lead to it being forced to sell the stake. | |
When Ryanair tried to buy its Irish rival in 2006, its attempt was blocked by the European Commission. | When Ryanair tried to buy its Irish rival in 2006, its attempt was blocked by the European Commission. |
Ryanair's latest offer of 1.30 euros per share marks a premium of 38.3% above Tuesday's Aer Lingus closing price. | Ryanair's latest offer of 1.30 euros per share marks a premium of 38.3% above Tuesday's Aer Lingus closing price. |