Ryanair submits €694m bid for Aer Lingus

Ryanair has submitted a €694 million bid for Aer Lingus.

17th July, 2012
European Union regulators blocked Ryanair’s bid for Aer Lingus in 2007.

Ryanair has submitted a €694 million bid for Aer Lingus.

The airline, which owns 29.8 per cent of Aer Lingus, offered to buy remaining stock for €1.30 euros a share in cash, it said today in a statement. The offer price is a 38 per cent premium to the closing price on June 19th, the day before Ryanair stated that it would renew a pursuit blocked by regulators in the past.

Ryanair says the chances of clearing...

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