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Ryanair not considered revising offer

18 October 2006

Irish no frills airline Ryanair today said it has not considered increasing its ?1.48bn offer for rival Aer Lingus but equally has not ruled out doing so.

There are a number of obstacles to Ryanair proceeding with its bid, namely that the Irish government still holds just over 28% while Aer Lingus’ employees and the Irish Airline Pilots’ Trust holds a further 13.2%.

Irish tycoon Denis O’Brien has also spent ?32m to buy a 2.1% stake in Aer Lingus and has vowed to oppose the takeover.

source: ShareCast

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