Ryanair makes €694m cash offer for Aer Lingus

Ryanair has made a bid for Aer Lingus, the third time it has tried to buy the airline in the past six years.

In a statement, the low fares carrier has outlined its intention to make an all cash offer of €1.30 per share, valuing Aer Lingus at €694m.

Ryanair already owns 29.82% of Aer Lingus and said the future of the former flag carrier can be best secured within one strong Irish airline group.

It said that if its bid is successful it would put Aer Lingus on a "growth trajectory".

More in this Section

Dunnes Stores, SuperValu and Lidl are strongest competitors of grocery market, new figures show

Why Apple case could have implications for other companies

Q&A: Getting to the core of the EU attempt to put the bite on Apple

LIVE: Apple accuse EU Commission of threatening future investment following €13bn decision


Today's Stories

High stakes clash for nutrition company Herbalife

Ireland ‘losing its lure’ for overseas workers

Retail stores under strain

German exports growth cut on Brexit

Lifestyle

Get a Fair Deal with costs of care homes for elderly

Pablo Escobar’s life on the line in Narcos season two

How to buy the perfect laptop for college

Blurring the lines between humanity and machines

More From The Irish Examiner