MKT 702 Study Guide - Midterm Guide: International Airlines Group, Ryanair
Document Summary
Aer lingus acquisition proposal by international airlines group. Just to highlight aer lingus has two major shareholders ryanair and the irish government of which both would need to approve of any takeover offer. 12% but lowered back down and closed at 9% at 1. 99 euros/share. There were many speculations of whether or not iag would or had made another offer. January 9th 2015, i. a. g. disclosed that they had made another takeover offer earlier on. December 29th for 2. 40 /share (2 euros and 40 cents) for which the board had again declined. Of note is that the first time the offer was rejected the stock prices rose sharply. These factors as well as many more lead to a decline in the aerlingus stock price of more thn 5% to about e2. 36. Though we saw a decline there the next events are what really lead to the decline in the stock price.
