Yes the shares are at a low, valuing Flybe in its entirety (not just what was listed on the stock market) at about 36 million pounds. Aer Lingus by contrast is worth about 577m euros or 465m pounds. At an initial glance, it might be a cheap way to buy up Flybe in theory.
Nothing however is going to happen unless the Walker Trust agree - the trust's shareholding is just too large for any hostile corporate raider to achieve anything without the trust's blessing.
Last edited by davidjohnson6; 9th Dec 2012 at 18:37.