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02-Dec-2008 6:35 AM

Ryanair bids for Aer Lingus: Irish carriers in Dutch auction

Analysis

"The world has changed", says Michael O'Leary. If it has changed enough, the EU will permit Ryanair's bid for Aer Lingus this time. And, if shareholders feel sufficiently nervous about the share market, they too will find the offer more convincing.

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