Originally Posted by
daz211
It's now a 100% certainly that Ryanair weren't the ones who bought the 8% of shares traded that day. Under Irish takeover rules, they are required to declare the Stock Exchange *any* buying or selling of shares in Aer Lingus by 12noon the following day. Plus, once you've launched an offer (which they have @ €2.80/share), any shares RYA buy above that price would force them to offer that same (higher) price to everybody else.