Ryanair launch Aer Lingus takeover!

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AndyMax
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Ryanair launch Aer Lingus takeover!

Post by AndyMax » Thu Oct 05, 2006 11:08 am


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OW wright
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Post by OW wright » Thu Oct 05, 2006 5:25 pm

is this a clever move by MO'L to make a quick profit, share price now at 2.90 ,or is he going all the way with a take over.

you'd have to say Aer Lingus were caught with their trousers down! busy worry about been taken over by foreign competition whilst been totally blind to the competition right on their own doorstep.

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Post by C152 » Fri Oct 06, 2006 7:55 am

You have to take yor hat off to MOL weather this is a stunt or not, and there must be a lot of red faces in Aer Lingus and of course the unions we told you so

historical-avi-irl.i8.com
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Post by historical-avi-irl.i8.com » Sun Oct 15, 2006 2:43 am

We'll all just have to sit around and wait and see what happens, it looks like it could happen, dispite the fact the Shamrock pilots are after shelling out over 35k euro each for a 2.5% share in the airline...

mini
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Post by mini » Tue Oct 17, 2006 11:36 pm

I'm suprised at how little traffic this topic has generated, is it due to the general confusion over why FR launched this bid in the first place? it would seem that most people just can't figure out the compelling reason for FR to try this stunt in the face of overwhelming odds?

Dermot Desmond has now waded into the fray with stated intentions of keeping EI independent. This will spook FR.

Are FR just waiting for the share price to rise enough that they can sell with an overall profit?

Was it a "wound & walk away" ?

Did FR f**k up in their assumption of the response to their bid?

What are your opinions?

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Post by dowlingm » Wed Oct 18, 2006 5:16 pm

It's hard to credit what MOL is up to here except getting EI management distracted while he adds routes and getting EI to spend money on former EU commissioners to help their lobbying efforts. Govt and unions control 40% (possibly more now with the pilot purchases) so they might have been able to get 50.1pc but couldn't force govt/unions to sell out without more like 90pc if I recall stock exch rules correctly.

mini
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Post by mini » Fri Oct 20, 2006 11:54 pm

I'm still mystified by this. At this stage I can't see how FR will emerge from this without a black eye, forgetting the hype, it just doesn't make sense. :shock:

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Post by dowlingm » Fri Oct 27, 2006 6:31 pm

mini

EI will get out of it with 2 black eyes or in FR control - that's the point. FR has bags of money to spend on takeover advisers etc., EI doesn't, and they are their main competitors out of their biggest base. Now EI is running around like a headless chicken chopping staff and promising god knows what to the unions to make it happen.

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Post by Dutch Roll » Fri Oct 27, 2006 8:59 pm

ryanair pilots are now also snapping up in shares in aer lingus.making it tougher for MOL
115 VAC @400Hz

mini
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Post by mini » Sun Oct 29, 2006 12:00 am

Mark,

FR may have bags of money, that they have accumulated due to their habit of not paying dividends to their shareholders. The shareholders regard this cash as "theirs" and will want to see a reasonable return on it from this escapade. It now looks like the FR take over bid will fail and the EI share price will settle back lower than the FR bid price of EU2.80, hence in the short term FR owning negative equity in EI. Factor in the "advisors" fees etc and FR are nursing a bloody nose?

EI meanwhile have been handed a perfect backdrop to push in cost cutting measures with the unions running scared of FR getting involved if EI doesn't lean out.

Strange...

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Post by Lofty » Sun Oct 29, 2006 3:09 pm

prepare for a price war and then watch the arse fall out of the EI share price and all will panic and sell out and FR end up in control :wink:

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Post by whizzard » Sun Oct 29, 2006 5:49 pm

wait for 300 odd court cases of bullying victimisation and harrassment that FR pilots have taken against Ryanair ...potential bill for Ryanair ....
40 MILLION Euros
lets not forget the new pay deal that Fr pilots are looking for , still not above industry standard but a good increase for them.

now tell me which airlines share price is going to get a new arsehole ripped ???

Ryanair is about to be told to start acting like a real employer by the supreme court and labour court. Watch their cost base rise to a more reasonable level when this happens.

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