bid is 2.55 (2.50 cash + .05 dividend). AL board says take no action for now.
had 2000 shares and sold down half between 2.40 and 2.50 in case no increased offer. Starting to regret keeping other half as increased bid seems very slow in coming and even if it does it'll hardly be more than 2.50 - 2.60. There may be some horse-trading going on in the background of course causing the delay, especially because of the Irish govt stake and the sensitive issues around heathrow slots as well as anti-competitive concerns if IAG were to be successful. Keeping fingers x'd nonetheless for bid before end of week...
talk of renewed bid from IAG today - could be as much as 2.75 a share. See [link]
Board at Christmas Lunch?? 14 % rise in SP in one day -And not a whisper from the company.Perhaps they all are at lunch?