Ryanair to Offer $1 Billion to Buy Aer Lingus
Airnation.net Newswire
Ryanair will make an all-cash offer to buy Aer Lingus for roughly $1 billion dollars (€694 million).
In a statement to the Irish Stock Exchange, the airline says the offer values Aer Lingus at approximately €694 million.
Ryanair already owns 29.82% of Aer Lingus, a stake acquired over five years ago.
The stake was reviewed by the European Union and has recently been referred by the UK Office of Fair Trade to the UK Competition Commission.
Ryanair will make the offer through a wholly owned subsidiary Coinside Ltd.
The 29.8% stake was acquired for the most part by Ryanair between late 2006 and early 2007.
Category: Newswire
RULES FOR COMMENTING BELOW: Profanity, inappropriate comments, NAME CALLING, racial slurs and attacking others on this blog will not be tolerated. Breaking these rules will first get your posts removed and then you will be banned. In other words, spirited debate is always encouraged here but be respectful doing it. :)
