No protracted battle for Aer Lingus

Ryanair today stated that they would not be engaging in a protracted battle for Aer Lingus. Speaking this morning, Ryanair CEO Michael O'Leary said that the airline was open to negotiating "a small increase in price if that would get the deal over the line". 

The airline reaffirmed that it's offer to shareholders of Aer Lingus was open until February 13, adding that it expected EU regulators to either approve the takeover or proceed to a more detailed 'Phase 2' process. The airline does not want to engage in a 'Phase 2' process as this would involve high cost for the Irish Government, the EU and Ryanair.

"We have seen some ridiculous brokerage coverage in recent days", Mr. O'Leary said at the press conference, adding that "Ryanair will not be increasing it's offer to any figure that has a two in it or begins with a two".