Ryanair says plans bid for Aer Lingus

[Aspirapolvere]

Things could get interesting now!


Ryanair says plans $1.9 bln bid for Aer Lingus

Europe's biggest budget airline Ryanair (RYA.I: Quote, Profile, Research) said on Thursday it planned to make a 1.481 billion euro ($1.9 billion) bid for Aer Lingus (AERL.I: Quote, Profile, Research) and that it had bought a 16 percent stake in the rival Irish airline.

Read more here

[TallDutch]

Sounds interesting... Do we get A330's in Ryanair colours..

[Aspirapolvere]

"If the bid is successful, the two companies would continue to operate separately and compete on the 17 routes which both flew, he added."

http://news.bbc.co.uk/2/hi/business/5408780.stm

[Buzz]

This is hilarious! MOL is having the best day of his live today, buying AerLingus!
I don't agree with the strategy though, why not do Ryanair shorthaul & AerLingus Longhaul? It probably has to do with the fact that the Irish governement still has 30% stake in AerLingus, and won't sell it.

[sn26567]

The full (long) Ryanair press release:

https://www.aviation24.be/article12646.html

The Irish Government (which holds 30% of Aer Lingus) and the Aer Lingus Board do not accept the bid. Surprise?

[sn-remember]

To me it makes sense.

EI's business model is more and more comparable to FR and EI's long haul ambitions will probably depend more and more on feeding from FR.
On the short haul network I suppose both carriers would rather collaborate within a single entity.

And -last but not least- it offers FR the supremacy in Ireland and a strong foothold in US.
A good position to start conquering some pieces of the US cake no?

[TexasGuy]

Im sure this takeover attempt raised more than a few eyebrows at British Airways


...

[David747]

Aer Lingus said no to the bid attempt by Ryanair, so I guess its a non-issue

[pressman]

Aer lingus have no choice in the matter , it's a public company .

[Buzz]

Aer lingus have no choice in the matter , it's a public company .

Indeed, AerLingus can only advise investors, but if investors sell to FR, there's nothing they can do...

[ElcoB]

Ryanair investors rebel against Aer Lingus bid

Ryanair is facing intense shareholder pressure amid doubts over the strategic merits of its surprise €1.48bn (£1bn) bid for Aer Lingus earlier this week.

[sn-remember]

Herewith an analysis from the weekly british magazine "The Economist"
Good reading

http://www.economist.com/agenda/display ... id=7996833

[Buzz]

Anybody has any knowledge of the economical world? How long untill we know more?

[TexasGuy]

Looks like this deal is dead........

UPDATE 4-Ryanair will not raise Aer Lingus bid, deal unlikely

DUBLIN, Nov 21 (Reuters) - Ryanair (RYA.I: Quote, Profile, Research) will not raise its offer for Irish carrier Aer Lingus (AERL.I: Quote, Profile, Research), Europe's largest budget airline said, in a move that seems likely to put an end to its hostile takeover attempt for at least a year.

Chief Executive Michael O'Leary said in a letter to Aer Lingus shareholders he did not believe the strategy being pursued by Aer Lingus management could deliver a share price for the former state airline above Ryanair's 2.80 euro-a-share bid, which values the company at 1.48 billion euros ($1.9 billion).


"Accordingly, Ryanair confirms that it will not increase its offer of 2.80 euros per Aer Lingus share," O'Leary said in the letter, posted on Tuesday.

His comments knocked Aer Lingus's shares to their lowest level since the bid was announced. They lost 2.1 percent to close at 2.68 euros in an Irish stock market that closed 1 percent higher.

more here
http://tinyurl.com/vj6zu

[fcw]

"Accordingly, Ryanair confirms that it will not increase its offer of 2.80 euros per Aer Lingus share," O'Leary said in the letter, posted on Tuesday.

His comments knocked Aer Lingus's shares to their lowest level since the bid was announced. They lost 2.1 percent to close at 2.68 euros in an Irish stock market that closed 1 percent highe

And in the mean time MOL is probably buying Aer Lingus shares, he is too smart to talk his 20% down!

[fcw]

"Accordingly, Ryanair confirms that it will not increase its offer of 2.80 euros per Aer Lingus share," O'Leary said in the letter, posted on Tuesday.

His comments knocked Aer Lingus's shares to their lowest level since the bid was announced. They lost 2.1 percent to close at 2.68 euros in an Irish stock market that closed 1 percent highe

And in the mean time MOL is probably buying Aer Lingus shares, he is too smart to talk his own 20% in Aer Lingus down!

As predicted: Aer Lingus today admitted that Ryanair now ownes 26% of its shares.....

[sn26567]

Six years later:

Ryanair makes cash bid for Aer Lingus

Ryanair said it planned to make a 694 million euro ($880 million) cash bid for Aer Lingus (AERL.I) in a fresh attempt to gain control of its Irish rival. Ryanair said on Tuesday after the market close that it would offer 1.30 euros per share for Aer Lingus, in which it already owns a 29.8 percent stake.

The main obstacle to a takeover would be the European Commission, which investigated an earlier bid and decided to prohibit it in June 2007.

Britain's competition authorities could also cause problems. The Office of Fair Trading last week ruled that Ryanair's ownership of the minority stake threatened competition in the UK.

But Ryanair said on Tuesday that it believed circumstances had changed materially since 2006, citing consolidation within the industry, more capacity at Dublin airport and the increased likelihood that the Irish government would sell its own 25 percent stake in the Irish flag carrier.

Full story from Reuters

[sn26567]

What a surprise: Aer Lingus rejects the Ryanair bid (again!).

http://www.independent.co.uk/news/busin ... 69208.html

[ticketbuyer]

MOL + TATL = MEAN (Many European Airline's Nightmare)
Willie(BA), Christoph(LH) and Alexandre(AF) will do their utmost to stop this.
I can't wait to pay for my luggage, meal etc on St Micheal's first TATL flight.
FYO http://www.anna.aero/2012/06/20/the-rya ... dium=email