Will Ryanair’s Latest Bid for Ireland's Aer Lingus Be a Case of Third Time Lucky?
The board of Ireland's Aer Lingus has rejected the latest hostile takeover bid from Ryanair.
The board of Ireland's Aer Lingus has rejected the latest hostile takeover bid from Ryanair.

The board of Irish airline Aer Lingus has urged shareholders to ignore the latest takeover bid mounted by low-cost rival Ryanair. Under Irish law, the board of the former government-owned flag carrier had until the end of July to respond to Ryanair’s July 17 bid to buy remaining stock at €1.30 ($1.60) per share, valuing the company at €694 million ($833 million). Despite the fact that the price offered represents a 50-percent premium on the average Aer Lingus share price over the past six months, directors dismissed the bid as “not credible.”