Northern Ireland Aviation Enthusiast's Forum
General Aviation Discussion => Aviation News => Topic started by: casper on December 21, 2006, 12:46:26 PM
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Ryanair Holdings said Thursday it remains committed to its 1.48 billion-euro ($1.95 billion) offer for domestic rival Aer Lingus Group despite the European Union's decision to probe the proposed hostile takeover.
Europe's largest low-cost carrier was forced to drop its offer for its smaller Irish peer after the E.U. said late Wednesday it would delve more closely into the proposed tie-up.
The regulator is concerned the takeover could restrict competition for flights from Dublin to London. The commission will rule on the proposed transaction by May 11, and could impose a variety of conditions upon any such link.
More Info (http://www.marketwatch.com/news/story/ryanairs-aer-lingus-bid-pulled/story.aspx?guid=%7BAD57B669-5E87-47F0-B3E4-CD5066C700B8%7D)