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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 â?¬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 â?¬32m to buy a 2.1% stake in Aer Lingus and has vowed to oppose the takeover.

source: ShareCast

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