Ryanair Raises Stake in Rival Aer Lingus

The raised stake does not markedly improve the chances that Ryanair's bid, launched Oct. 5 at $3.69 a share, will reach the minimum 50 percent ownership threshold it requires to succeed.


Shares in Aer Lingus lost their initial gains Wednesday and were flat at 2.75 euros ($3.62) on the Irish Stock Exchange. Ryanair rose 21 euro cents (28 U.S. cents), or 2.2 percent, to 9.65 euros ($12.71).


Copyright 2005 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News stories provided by third parties are not edited by "Site Publication" staff. For suggestions and comments, please click the Contact link at the bottom of this page.

We Recommend