Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
WSJ: FR Bid For EI At €2.80 Still On Table  
User currently offlineN328KF From United States of America, joined May 2004, 6484 posts, RR: 3
Posted (7 years 11 months 2 days 10 hours ago) and read 3174 times:

Brief fair use excerpt from The Wall Street Journal:

Quote:
LONDON (Dow Jones)--Ryanair Holdings announced Friday a Cash Offer of EUR2.80 per Aer Lingus Share, which values Aer Lingus at EUR1.48bn, significantly higher than the EUR1.16bn IPO value of just 8 days previously.

[...]

The company said that if it accepts the Cash Offer the Irish Government will realise over EUR500 million from the sale of its Aer Lingus Shares whilst also achieving its stated objectives of retaining the Heathrow slots and the Aer Lingus brand, and securing the long term future of the airline.

Also Aer Lingus employees will realise over EUR220 million from the sale of their Aer Lingus Shares. This represents an average of over EUR60,000 for each employee. [...]

Ryanair said that its offer commits to maintaining Aer Lingus as a stand-alone separate airline. Because the two airlines will compete vigorously, this will not lead to a monopoly. In any event, the question of a monopoly does not arise as there are 50 other scheduled airlines competing with Ryanair and/or Aer Lingus at Dublin Airport, some of which (Air France, Lufthansa and British Airways) are significantly larger than Ryanair and Aer Lingus combined.

[...]



EDIT: Clarified title.

[Edited 2006-10-20 17:11:06]


When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' T.Roosevelt
1 replies: All unread, jump to last
 
User currently offlineJoost From Netherlands, joined Apr 2005, 3169 posts, RR: 4
Reply 1, posted (7 years 11 months 2 days 10 hours ago) and read 3159 times:

You should adjust the title, Ryanair did not increase the bid. The bid was EUR 2.80 and still is EUR 2.80. There is no bid increase.

They also posted a document on their website, which seems like a reasoning why stakeholders, especially the government, should sell.

Very interesting and it seems like FR really want to have EI.


Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Can One Bid For First Or Biz Class On Hotwire, Etc posted Tue Aug 3 2004 15:00:42 by GSPSPOT
Sonic Cruiser Team Still On Payroll At Boeing. posted Wed Sep 28 2005 11:34:39 by LufthanseatLAX
American MD-80 Lands On Taxiway At SEA posted Thu Mar 27 2003 08:26:47 by United777
Allegiant Begins LAS-ICT On Thurs / March At 80%LF posted Wed Feb 26 2003 00:29:19 by FATFlyer
Crazy Talk: What If Southwest Bid For USAirways? posted Fri Nov 17 2006 17:37:42 by LawnDart
UAL To Make Bid For NW? posted Thu Nov 16 2006 16:16:08 by B777A340Fan
Dubai Could Bid For 20% Stake In Eads posted Thu Nov 9 2006 10:58:43 by Manni
WSJ: Christian Streiff Starts Work At Peugeot posted Tue Nov 7 2006 19:25:50 by N328KF
Upsetting Incident For Me At Prague And IST posted Sat Nov 4 2006 14:35:41 by Pilotaydin
Mesa Wins EAS Bid For VIS And MCE posted Thu Oct 26 2006 04:30:30 by Dc10s2hnl
JetBlue CEO On The US Bid For DL posted Thu Jan 4 2007 23:20:46 by QXatFAT
FR To Write EI Shareholders On Friday posted Thu Dec 14 2006 14:55:53 by LXLucien