Deadline looms for Ryanair share offer

Ryanair chief executive Michael O’Leary has expressed confidence that a number of the hedge funds holding Aer Lingus shares will accept his €2.80-per-share offer for the company, after the European Commission delivers its verdict on the proposed take

16th December, 2006

Ryanair chief executive Michael O’Leary has expressed confidence that a number of the hedge funds holding Aer Lingus shares will accept his €2.80-per-share offer for the company, after the European Commission delivers its verdict on the proposed takeover on Wednesday. O’Leary said that the Ryanair offer, which values Aer Lingus at €1.48 billion, remained open for acceptance until Friday, and that shareholders who had not officially rejected the offer would make up their minds over...

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