The headline is misleading. The sale is subject to various shareholder and regulatory approvals. It is indeed instructive how stockbrokers such as the one quoted always take an optimistic view of these type of bids by suggesting that it is a win win for everyone involved. In reality it only stockbrokers and small groups of other interested parties who win. In the case of stockbrokers, who act as agents for both buyers and sellers on the stick exchanges, it is surely questionable that they can make comments during a sale or takeover process while others such as the companies are bound by fairly strict rules. Aer Lingus has enormous strategic and economic value to Ireland and the government must not compound the mistake by Fianna Fail who reduced the state shareholding down to 25% in 2006. Message to predators and parasites must be: AER LINGUS NOT FOR SALE - HANDS OFF
Posted on: Tue, 27 Jan 2015 13:06:54 +0000
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