Ryanair increased its stake in Aer Lingus to 25.2% from 19.2%, which brings the LCC's holding in the recently privatized national carrier on a par with the 25.4% held by the Irish government. Ryanair said yesterday that it bought just under 32 million shares Tuesday for about €87.4 million ($114.9 million), or an average price per share of €2.75. Its takeover bid for Aer Lingus, launched on Oct. 5, is set at €2.80 per share. Deadline for the bid is Dec. 4. Thus far, the ...

Subscribe to Access this Entire Article

"Ryanair holds one-quarter of Aer Lingus after stock purchase" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.