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Ryanair in new Aer Lingus offer

1 December 2008

The budget airline Ryanair is to make a fresh takeover offer for the Irish flag-carrier Aer Lingus. The all-cash offer would value Aer Lingus at 748m euros ($950m; £619m).

Ryanair’s previous offer for Aer Lingus, which valued it at 1.5bn euros, was blocked by the European Commission on competition grounds.

Other major shareholders include the Irish government and Aer Lingus employees, both of which rejected the takeover offer last time.

source: BBC

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