Ryanair's renewed offer for Aer Lingus is rejected

Two years after an unsuccessful bid for Aer Lingus PLC, Ryanair Holdings PLC launched a new takeover offer for the rival airline in the amount of 748 million euro. Aer Lingus says the offer undervalues the company and has rejected the bid. Article discusses the likelihood of a successful takeover, possible regulator opposition to the merger, and possible integration of the airlines. Aer Lingus's shares rose 14% to close at 1.28 euro, and Ryanair's fell 2.8% to 2.85 euro.