Ryanair has extended the deadline for acceptance of its takeover bid for Aer Lingus.
The carrier, which is awaiting the result of a ballot on its offer among staff shareholders at Aer Lingus, had set an initial deadline for acceptance of its bid of November 13th, but it announced today it has extended its offer until December 4th
The announcement came as shareholders with less than 0.1 percent of shares in Aer Lingus accepted Ryanair's takeover offer, which values the former State airline at €1.48 billion.
"Valid acceptances of the offer had been received in respect of 504,994 Aer Lingus shares (representing . . . approximately 0.095 per cent of the issued share capital of Aer Lingus)," Ryanair said.