Little interest in Ryanair takeover bid

AER LINGUS shareholders have shown little interest in Ryanair’s takeover approach, a move that will cost both airlines millions of euro.

Ryanair said the bid will cost it €3 million while Aer Lingus said it will also incur costs, although substantially below the €24m it spent during the last approach in 2006.

Aer Lingus said it regrets the “unnecessary waste of shareholder’s cash, especially as the Ryanair offer is not capable of completion.”