Sign up to The Irish Times Archive (1859 - 2008)My Account »
Mon 12 Dec 2008Aer Lingus rejects Ryanair's €748m takeover bid
Aer Lingus has rejected Ryanair’s €748 million takeover bid for the airline, saying the offer significantly undervalued the carrier.
In a statement this evening, the Aer Lingus board said it had considered Ryanair’s renewed €1.40 a share cash bid for the airline but was strongly advising shareholders against the offer.
Choose a Subscription type - required
