Source: UK News
Ryanair bid for Aer Lingus fails
The Irish government has formally rejected Ryanair's bid for Aer Lingus, saying the offer "greatly undervalues" the Irish flag carrier.
It also expressed concerns that competition would suffer if the deal were to go ahead.
The hostile bid, valuing Aer Lingus at 748m euros (£701m), was made in December and has been rejected by the Aer Lingus board and its shareholders.
A previous Ryanair move was rejected on EU competition grounds
Ryanair bid for Aer Lingus fails
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Ryanair bid for Aer Lingus fails
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