Ryanair In For A Bumpy Ride As EU Eyes €694M Merger

Law360, New York (August 29, 2012, 9:07 PM EDT) -- The European Commission began an in-depth probe Wednesday of Ryanair Holdings PLC's third bid to take over Aer Lingus Group PLC, and with the regulator noting that the rival Irish carriers' route overlap is even greater now than when it blocked the combination in 2007, Ryanair faces an increasingly uphill battle to win antitrust approval.

After Ryanair failed to offer an initial plan to address concerns about the €694 million ($869 million) hostile bid's potential effects on competition, the watchdog opened a so-called phase II investigation,...
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