Aer Lingus telling anyone who will listen that Ryanair bid undervalues the carrier


Skift Take

Aer Lingus can argue all it wants about its true value, but the reason Ryanair is on its third bid for the carrier is that the latter is in much better fiscal condition than the airline that's begging for public support to shoot down the bid.

Aer Lingus today urged its shareholders to reject the euro 700 million (pounds sterling 553 million) hostile takeover bid from its low-cost rival Ryanair. The Irish flag carrier is on the end of its third takeover bid from Ryanair, which is offering euro 1.30 a share for the 70 percent of the busi