Aer Lingus bid surely dead (again!)
The 2nd Aer Lingus bid is now surely dead. When the deadline for acceptances closed yesterday Ryanair had received acceptances from 29.83% of Shareholders. Doesn't sound too bad until you discover this includes Ryanair's existing shareholding of 29.82%. That means just 0.01% of Aer Lingus shareholders voted to accept the deal. This surely must be a major embarassment for MOL. Howver he has extended the deadline for a further 5 weeks until February 13th. Maybe he might reach 0.02% by then!!