Back at you, where's the evidence of shareholders support of all 3 of Ryanair's take-over attempts on Aer Lingus?
The initial shareholdings in Aer Lingus were accepted in 2006, that's changed quite a bit since the loss Ryanair has incurred because of that investment.
“At the time of the 2006 offer, Aer Lingus represented in excess of 25 per cent of Ryanair's gross assets and, accordingly, the transaction would have required Ryanair shareholder approval. Since 2006, Ryanair has increased in size, while the market value of Aer Lingus has declined, and accordingly this offer is not a "significant transaction" under the Listing Rules and will not require Ryanair shareholder approval,” said Ryanair.
The Sunday Business Post
Because it wouldn't be approved by the shareholders if it had to be.
Again I ask for evidence as you have provided NONE.
Claiming "it won't be approved by shareholders" when it was never put to shareholders nor have any of them publicly or privately briefed against it shows you forming a deluded opinion based on no facts. In effect you again have provided no evidence.
If major shareholders disapprove of anything the management of a company is doing they can
1.) tell the company publicly
2.) vote or abstain against the board at AGM
3.) call and EGM to remove board
4.) brief the press privately to ensure it becomes public, adding pressure on the company board.
As NONE of these have happened at Ryanair I think its safe to conclude you know nowt.