Ryanair vs Aer Lingus...The panel's opinion ?

AlekSmart

Can anybody shed light on what exactly the Takeover Panel`s reasoning is for seeking to have the High Court proceedings taken in-camera ?

As a layperson and fully accredited Taxpaying citizen I consider myself to be of robust enough constituition to actually want to take an interest in this situation.

We now apparently have a Government which introduces substantial amounts of legislation to address the scale of malfeasance within the upper reaches of the Banking Industry.

Suddenly,the same Government admits that this leglislation is "Flawed" in so much as it`s draconian elements may be counterproductive in restricting the "Suspects" ability to move their cash....Am I missing something here ?

The Anglo-Irish affair is showing that if anything far too much of Irish Financial Sector Administration and Regulation was carried out on the Fairway or at the 19th.

That is why the ENTIRE Ryanair/Aer Lingus affair MUST be subject to the full and unrestricted scrutiny of the Great Unwashed who gather at the feet of the Mighty.

In general I am usually deeply cynical of the antics of Mr O Leary but in this case I support his stance 101%.

This in-camera application is surely a repressive measure aimed at protecting somebody`s financial position at should be resisted not alone by Ryanair but by those who simply do and die out on the mean streets....we should have seen the end of this type of Secrecy and Masonic thinking ?

Time Magazine

We're unlikely to know, so fired over from Economics.

Victor

The Takeover Panel has rules. The rules are there to protect ordinary shareholders from abuse by the parties to the takeover. One of those rules is that all statements by the parties to a takeover must be vetted by the panel first. Having a live TV debate defeats this. Having a live court debate where certain parties may make... embellished statements that may be misrepresented by the media does the same.