Wednesday, June 20, 2012

Reuters: Global Markets: Aer Lingus shares up 23 percent on Ryanair bid

Reuters: Global Markets
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Aer Lingus shares up 23 percent on Ryanair bid
Jun 20th 2012, 07:39

DUBLIN | Wed Jun 20, 2012 3:39am EDT

DUBLIN (Reuters) - Shares in Irish airline Aer Lingus (AERL.I) rose 23 percent in early trade on Wednesday after rival Ryanair (RYA.I) launched a takeover bid for the company that would pay shareholders a 38 percent premium to Tuesday's close.

Ryanair was up 1 percent at 0723 GMT, while the broader Irish market was down 0.1 percent.

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