IAG takeover of EI aborted!
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IAG given clearance by Irish government for Aer Lingus takeover | Business | The Guardian
The owner of British Airways is set to take over Aer Lingus in a deal that values the Dublin-based flag carrier at €1.4bn after the Irish government agreed to sell its stake to International Airlines Group.
Paschal Donohue, Ireland’s transport minister, confirmed that the sale of the former Irish state carrier to IAG can now go ahead.
The Dublin government owns 25% of the airline but its agreement, after six months of consideration, was critical for the deal to progress.
Following a Cabinet meeting on Tuesday evening, Donohue said: “IAG has provided additional information and certain commitments in relation to its proposal. Following detailed consideration of this and all of the issues surrounding a potential disposal of the state’s shareholding in Aer Lingus, the government has decided that it will support IAG’s proposal.”
The owner of British Airways is set to take over Aer Lingus in a deal that values the Dublin-based flag carrier at €1.4bn after the Irish government agreed to sell its stake to International Airlines Group.
Paschal Donohue, Ireland’s transport minister, confirmed that the sale of the former Irish state carrier to IAG can now go ahead.
The Dublin government owns 25% of the airline but its agreement, after six months of consideration, was critical for the deal to progress.
Following a Cabinet meeting on Tuesday evening, Donohue said: “IAG has provided additional information and certain commitments in relation to its proposal. Following detailed consideration of this and all of the issues surrounding a potential disposal of the state’s shareholding in Aer Lingus, the government has decided that it will support IAG’s proposal.”
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Algol,
Whatever agenda you appear to have is blinding you to the facts. The Irish Times link you posted is months out of date.
Since then, the Ryanair Board has unanimously voted to accept the IAG offer. Nobody, not even MOL, can turn that around. The short delay is purely for “bookkeeping” reasons, for want of a better word.
Your heading continues to be false and misleading and, in a few weeks time, you will look back and see how foolish your comments are.
Whatever agenda you appear to have is blinding you to the facts. The Irish Times link you posted is months out of date.
Since then, the Ryanair Board has unanimously voted to accept the IAG offer. Nobody, not even MOL, can turn that around. The short delay is purely for “bookkeeping” reasons, for want of a better word.
Your heading continues to be false and misleading and, in a few weeks time, you will look back and see how foolish your comments are.
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Yes. Absolutely.
I don't take this website as seriously as you seem to. Or your boss.
You're an angry little man. Like the PPRuNe dog who's been beat too much you just snap at everything that passes!
Its instinctive like.
Inbred.
I don't take this website as seriously as you seem to. Or your boss.
You're an angry little man. Like the PPRuNe dog who's been beat too much you just snap at everything that passes!
Its instinctive like.
Inbred.
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Quote:by Algol
Before the EI IPO Micko was asked if he'd like to buy EI. He said 'I wouldn't touch it with a barge pole'.
Quote: Recedo
A statement required of him as saying anything else would be deemed by Stock Exchange as interfering in an IPO.
Before the EI IPO Micko was asked if he'd like to buy EI. He said 'I wouldn't touch it with a barge pole'.
Quote: Recedo
A statement required of him as saying anything else would be deemed by Stock Exchange as interfering in an IPO.
Oh don't make me laugh!
He might have said "No comment".
Or "No".
Or "Maybe".
Or "I'm not decided".
Or "Up Cork".
Or any number of other clever, witty, and non committal responses.
In fact I'd be very surprised if you can show me any stock market reg anywhere that requires you to lie outright in public. Go ahead and amaze me! You can DO IT!
Show me where in any stock market regs it requires a stock buyer to mention barge poles?
Where does it say a buyer must lie if asked about their desire to purchase stocks?
Remember, at this stage that's all he was, a prospective investor. He had no more seniority than any other investor - the shares had not been floated at the time he was asked that question.
Woof Woof.
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In fact, yes, didn't RTE indeed report that a High Court Judge called O'Leary a liar?
Ah - here it is;
Judge criticises Michael O'Leary for lying - RTÉ News
Ah - here it is;
Judge criticises Michael O'Leary for lying - RTÉ News
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Algol,
Seriously! Feeling like you are here to aggravate people to make a statement so it could appear as a headline in a newspaper somewhere... jog on.. trolling is not the word for it.
Your rants are childish to say the least and you are picking battles with a number of fellow Ppruners that are clearly fair more knowledgeable on the subject. Pointless.
I never said at any point anything about sabotage, I expressed my commercial opinion; that you got all hot and bothered about. Please do not make any further comments involving my profile name.
EI-BUD
Seriously! Feeling like you are here to aggravate people to make a statement so it could appear as a headline in a newspaper somewhere... jog on.. trolling is not the word for it.
Your rants are childish to say the least and you are picking battles with a number of fellow Ppruners that are clearly fair more knowledgeable on the subject. Pointless.
I never said at any point anything about sabotage, I expressed my commercial opinion; that you got all hot and bothered about. Please do not make any further comments involving my profile name.
EI-BUD
