Pilots buy more shares in move to block Ryanair takeover
17/10/2006 - 13:46:52A company representing Aer Lingus pilots has bought up more shares in the airline today as part of an attempt to block a takeover by Ryanair.
The Irish Airline Pensions company has acquired 300,000 more shares, taking its total stake to 2.24%.
The company is hoping to secure enough shares to prevent Ryanair from being acquire a controlling stake in the national carrier.
The no-frills airline has already bought up around 20% of the shares and is offering €2.80 per share for the remainder.
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