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Thu 01 Jan 2009Ryanair lodges complaint over Aer Lingus claims
RYANAIR HAS lodged a complaint with the Irish Takeover Panel over claims made by Aer Lingus in a stock exchange announcement issued yesterday that its proposed takeover by Ryanair was not capable of being completed.
In the announcement, Aer Lingus confirmed it had met Ryanair representatives on Tuesday and said it had explained how the bid "fundamentally undervalues the airline, its robust financial position; ignores the substantial competition issues and is therefore not capable of completion". Ryanair said these claims were false and in breach of takeover rules.
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