If €2.80 per share was the carrot, Michael O’Leary’s major stick for Aer Lingus shareholders was his warning that the airline’s share price would fall if Ryanair’s takeover bid failed. But a more sinister worry that may be creeping into Aer Lingus minds is the potential for a prolonged impasse, caused by two large shareholder blocs with conflicting ambitions, seriously damaging the case for investing in the airline....
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