Just watching the Business News on BBC News 24 and in the last 10 mins Ryanair have annouced that they are withdrawing their takeover bid of Aer Lingus.
This news has been prompted after the EU Monopoly commission decided earlier this evening they would investigate Ryanair's hostile takeover bid of Aer Lingus.
They just had a Business Analyst on the programme and advised it is likely Ryanair will continue to keep hld of their 25% stake in the airline but would remain a silent shareholder. Then followed to say Ryanair would probably sell the shares when they could make a health profit in the shares.
I will add a web-link to this story once it becomes available...
[Edited 2006-12-20 23:50:35]