Aer Lingus rises on Ryanair offer

Lingus shares have risen more than 20% following rival Ryanair's latest attempt to buy the airline.They were up 23 cents to 1.17 euros. But the shares are still well down on their peak of 3.27 euros, reached in 2007 shortly after their flotation.On Tuesday, Ryanair said it planned to make a cash offer for Aer Lingus, which would value it at 694m euros (£561m).Aer Lingus issued a statement urging s...

Ryanair tries to buy Aer Lingus

budget airline Ryanair has launched another attempt to buy its biggest Irish rival Aer Lingus.Ryanair says it plans to make a cash offer for Aer Lingus, which would value it at 694m euros ($883m; £561m). Ryanair will make the offer through a subsidiary called Coinside.On Monday, Ryanair's existing holding was referred to the UK's Competition Commission for a probe that could lead to it being forced...