ESOT members vote against Ryanair bid for Aer Lingus
22/11/2006 - 16:15:23Employee shareholders at Aer Lingus have rejected Ryanair's takeover bid.
ESOT members this afternoon voted overwhelmingly against the budget airline's offer of €2.89 a share.
In total, Ryanair offered nearly €1.5bn for Aer Lingus, and hailed this as a good price.
However, after a vote of ESOT members was counted, it was found that 97% were against the proposed take-over.
