Law360, New York (August 08, 2012, 6:55 PM ET) -- A British antitrust court refused Wednesday to halt the Competition Commission's investigation into Ryanair Holdings PLC's minority stake in Aer Lingus Group PLC, ruling the national probe didn't overlap with the European Commission's examination of the budget carrier's latest bid to take over its Irish rival.
The U.K.'s Competition Appeal Tribunal concluded that Ryanair's ownership of a nearly 30 percent stake in Aer Lingus didn't fall under the EC's merger mandate, which instead encompasses only Ryanair's recent €694 million ($881 million) hostile bid for the remaining...
Ryanair Loses Bid To Halt UK Antitrust Probe
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