Selling Aer Lingus Shares?

E

Eldrew

Registered User
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So I have a small amount (500) of Aer Lingus shares with a broker. If the sale to IAG goes through what are my options? Will I be offered the chance to sell my shares to IAG or do I just sell them myself via my on line account?

Thanks!
 
If the deal is approved by the shareholders, IAG will automatically acquire your shares.

In the meantime, you are free to sell them at the market price through your broker.

Brendan
 
The difference being if you wait you will probably achieve a higher share price and the 5 cent dividend payment and won't be charged any commission when the shares are sold (as they will not be sold on the open market), however if you have itchy feet sell them now and pay the broker commission
 
landlord

We do not allow speculation about share prices on askaboutmoney, but it's ok to discuss the process or set out the scenarios.

IAG has offered €2.55 + the dividend of 5 cents, so say €2.60

The share price today is €2.41. So you could sell today and pocket €2.41 less dealing costs.

A number of events could scupper the deal
  1. The government might not sell its share
  2. Ryanair might not sell its share
  3. The Competition Authorities might veto it

It's possible that another bidder could emerge and the share price could be higher than €2.60
 
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As recently as 2012 Aer Lingus shares were only 65cents. I wouldn't look a gift horse in the mouth, there is too much politics involved in it, there is a real possibility now the offer could be rejected
 
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