Ryanair officially presented its €1.40 ($1.87) per share offer to Aer Lingus investors yesterday, giving them until Jan. 5 to decide whether to create "one leading, financially strong, Irish-run airline group." The offered share price represents a €748 million offer, a premium of approximately 28% over the average closing price for the 30 days ended Nov. 28 (the last business day prior to Ryanair's announcement that it would launch a second bid for EI) and a considerable drop ...

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