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Wed 01 Jan 2009Ryanair demands Aer Lingus egm over executive contracts
RYANAIR YESTERDAY demanded that an extraordinary general meeting (egm) of Aer Lingus shareholders be held to debate recent changes to the employment contracts of Aer Lingus chief executive Dermot Mannion and chief financial officer Sean Coyle.
Ryanair also extended its €1.40-a-share offer for Aer Lingus until February 13th. Ryanair said yesterday it had received 29.83 per cent acceptances of its €748 million cash bid for Aer Lingus by its original closing date of January 5th, well short of the 90 per cent it had sought.
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