Ryanair launched a new takeover bid for rival Aer Lingus yesterday with an all-cash offer valuing the Irish flag carrier at €748 million ($949 million). The LCC's hostile offer of €2.80 per share was thwarted two years ago (ATWOnline, Dec. 22, 2006). It now intends to offer €1.40 per EI share, a price that represents a premium of 25% over last Friday's closing price of €1.12. Ryanair already is EI's largest shareholder at 29.82%. "The world has changed dramatically ...

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