The Clare Champion Clare news, sport, entertainment and local notes
Following the announcements of recent approaches to Aer Lingus by IAG, the Irish Takeover Panel has deemed that Aer Lingus is now in an ‘offer period’, Minister for Transport, Tourism & Sport, Paschal Donohoe said on Tuesday evening. He was speaking in the Dáil in response to a joint submission by Deputies Michael McNamara, Timmy Dooley, Joe Carey and Kieran O’Donnell on the necessity to maintaining London Heathrow slots to ensure balanced development. “The Takeover Panel Rules in relation to communications apply to all parties during such an offer period and all parties, including the Government as shareholder, must apply the highest standards of care to any statements made on the matter. Specifically shareholders must take care in any of their communications to avoid revealing any information that could potentially impact either positively or negatively on the Aer Lingus share price,” Minister Donohoe said. Currently, no formal offer has been made to Aer Lingus’ shareholders. The minister said he wanted …
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