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Aer Lingus Says Ryanair Bid Too Low, Will Fail Antitrust Probe

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Aer Lingus Group Plc urged its shareholders to reject a 694 million-euro ($882 million) bid from Ryanair Holdings Plc, saying it can’t recommend an offer that’s likely to be blocked by antitrust regulators.

Even if Ryanair’s renewed approach, worth 1.30 euros a share, a premium of 38 percent on yesterday’s close, were to secure approval, it’s too low given recent financial performance figures, Dublin-based Aer Lingus said today in a statement.