EU Plans to Block Ryanair (RYAAY) Takeover of Aer Lingus, Co. Says Will Appeal

February 12, 2013 8:01 AM EST
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EU regulators plan to block Ryanair's (Nasdaq: RYAAY) attempt to take over Irish rival Aer Lingus, Ryanair said in a statement on Tuesday. The airline said the move came despite the fact that it had met every competition concern raised in the EU's statement of objections and during the review process. Ryanair plans to appeal the decision.

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