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Ryanair offers to buy Aer Lingus for euro1.48 billion

Ryanair offers to buy Aer Lingus for euro1.48 billion

Ryanair Holdings PLC, Europe's largest discount airline, offered Thursday to buy Aer Lingus PLC for euro1.48 billion to expand its operations in Ireland.
Ryanair said it would pay euro2.80 (US$3.55) a share for the former state-owned carrier. The offer represents a premium of 12 percent more than Tuesday's closing price of euro2.51 (US$3.18).
Aer Lingus was floated on the Dublin and London stock exchanges last week.


Updated : 2021-06-22 09:12 GMT+08:00