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Aer Lingus CEO says Ryanair’s bid is too low

The CEO of Aer Lingus Christoph Mueller says Ryanair’s bid for the company is too low &#821...
Newstalk
Newstalk

09.08 18 Jul 2012


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Aer Lingus CEO says Ryanair’s...

Aer Lingus CEO says Ryanair’s bid is too low

Newstalk
Newstalk

09.08 18 Jul 2012


Share this article


The CEO of Aer Lingus Christoph Mueller says Ryanair’s bid for the company is too low – and would be bad for consumers.

The board of Aer Lingus has urged its shareholders to reject Ryanair’s offer of 1-euro-30 a share, or 694 million euro – saying it fundamentally undervalues Aer Lingus.

Mr. Mueller says the company’s legal advisors don’t think the European Commission will allow the sale to go through:

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