On Tuesday Ryanair said it will consider any decent offer for its stake in Aer Lingus, which is currently being pursued for a takeover by British Airways owner IAG.
The Airlines Group is drumming up support for its $1.51-billion bid for Aer Lingus but needs the support of Ryanair, which holds almost 30 percent of the former Irish national carrier.
Ryanair chief executive Michael O’Leary said Tuesday that the group had not been approached directly by IAG about selling its stake, but indicated it was open to an offer.
“We’ve always said the stake is for sale. What would comprise an offer that’s acceptable to the board of Ryanair, I can’t comment on,” O’Leary told reporters at a press conference in London.
“Our position is: our stake is available for sale, if someone comes up with the right offer that the board considers to be acceptable.”
Full Content: Yahoo! News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CVS Health Explores Potential Breakup Amid Investor Pressure: Report
Oct 3, 2024 by
CPI
DirecTV Acquires Dish TV, Creating 20 Million-Subscriber Powerhouse
Oct 3, 2024 by
CPI
South Korea Fines Kakao Mobility $54.8 Million for Anti-Competitive Practices
Oct 3, 2024 by
CPI
Google Offers Settlement in India’s Antitrust Case Regarding Smart TVs
Oct 3, 2024 by
CPI
Attorney Challenges NCAA’s $2.78 Billion Settlement in Landmark Antitrust Cases
Oct 3, 2024 by
nhoch@pymnts.com
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh