MO'L said a few years ago that he would happily sell the shares to another interested airline, but none were interested. Are you saying now IAG have called his bluff he is going to seek a court ruling to prevent him having to do exactly that?
IAG have made no formal bid to shareholders.
Therefore how can IAG have called anybodys bluff when no formal offer has been received by shareholders.
What is noted in previous post is that IAG have stated via their Lawyers that
" IAG told us that it would not usually contemplate buying a controlling interest in an airline with a significant ongoing minority shareholder."
They have had no discussions with Ryanair as was publicly stated by the company at the last results publication. So Ryanair board cannot make a judgement on something that hasn't been put to them.
It does however suggest that if Irish Govt refuses to sell its shares then Takeover is off before any other Shareholders are spoken with.