The board of Aer Lingus has urged its shareholders to take no action following rival airline Ryanair's latest attempt to buy the company.
On Tuesday, Ryanair said it planned to make a cash offer for Aer Lingus, which would value it at 694m euros (£561m).
Ryanair already owns 30% of Aer Lingus.
Aer Lingus said it noted the announcement by Ryanair of its intention to make "a third unsolicited offer" for the company, and said it would make a statement in due course.
On Monday, Ryanair's existing holding was referred to the UK's Competition Commission for a probe that could lead to it being forced to sell the stake.
When Ryanair tried to buy its Irish rival in 2006, its attempt was blocked by the European Commission.
Ryanair's latest offer of 1.30 euros per share marks a premium of 38.3% above Tuesday's Aer Lingus closing price.
Source & Image : BBC
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