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

US stocks slip away from record highs

Revenue issues pre-Christmas warning to online shoppers

Uber hack the latest in growing list of high profile cyber breaches

€50,000 investment on offer in Ireland’s first International Security Accelerator scheme


Today's Stories

Consumers the only ones made to pay to reduce waste

Ireland needs more aircraft repair firms, not just lessors

Cork bread company donates celebratory taking to Simon Community

Ireland must forge even closer links with eurozone

Lifestyle

Why you’ll never walk ALONE

Equal treatment is at the heart of a healthy society

'Riot days': Maria Alyokhina is fighting the power

More From The Irish Examiner