Aer Lingus, Ailing, Open to Another Ryanair Bid - NYTimes.com

Short version: Aer Lingus said "no" to two takeovers, now saying "maybe" when they find that they are not doing as well as they had hoped.

Aer Lingus, Ailing, Open to Another Ryanair Bid - NYTimes.com:

"Rapidly using its cash and unable to stem a decline in revenue, Ireland’s former flag carrier Aer Lingus softened its stance on Thursday toward a possible deal with Ryanair, the discount airline whose hostile takeover bids it has twice fought off."

This is going to be a great case study if anyone wants to write it up.