Dermot Mannion

July 23, 2012 - 12:25pm
Ryanair is hoping that European anti-trust officials will look more favorably on its latest bid to buy Aer Lingus.

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).