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.
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