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Ryanair launches surprise €1.48 billion takeover bid for rival Aer Lingus

Aer Lingus's life as a publicly traded company got off to a surprisingly rocky start with archrival Ryanair announcing yesterday the launch of a hostile €1.48 billion ($1.88 billion) bid for the Irish flag carrier. The LCC confirmed it already has acquired more than 16% of the issued share capital of Aer Lingus Group, which listed on the Dublin and London stock exchanges Monday at €2.20 per share. Ryanair will pay €2.80 per share in cash for the remaining shares if it is ...

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