Aer Lingus battle about to take off
Michael O’Leary has chosen to adopt a ‘carrot-and-stick’ approach to persuade Aer Lingus shareholders to part with their shares at an offer price of €2.80 per share.
The battle will commence in earnest from 7am tomorrow, when the formal offer document will be made available. Shareholders in Aer Lingus will have until November 13 to accept or reject the offer. At this point, Ryanair could extend the offer period. But one way or another, O’Leary should have a clear picture by the end of November if the €2.80 per share bid is likely to gain the support of the minimum 50.1 per...
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