Offer hampered by complex regulatory issues, warn analysts

A lot of fingers in one pie, is how analysts are describing the complex issues surrounding the attempted purchase of Aer Lingus by Ryanair.

Aer Lingus is urging shareholders to reject the bid. It said the work done in turning the airline around is not being reflected in Ryanair’s offer which undervalues the company.

“The board, having considered the offer with its advisers, believes the offer, even if it is capable of completion, undervalues Aer Lingus. Aer Lingus shareholders are accordingly advised to take no action in relation to the offer,” a spokesperson for Aer Lingus said.