Ryanair bid falls short airline’s value

RYANAIR could be forced to up its bid for Aer Lingus whose value has soared more than €70 million since last week’s takeover approach.

Although Aer Lingus shares closed down 1.3% yesterday, its share price has now soared to €1.53, a significant rise from the €1.40 per Aer Lingus share Ryanair offered for the airline last week.

Some analysts believe Ryanair may have to up its offer considering the rise in share price.