Ryanair not considered revising offer
18 October 2006Irish 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
