Wow. Cash offer of 1.4bn euros. Seems a strange move and hard to see how they will be allowed to control near 100% of Irish capacity?

Edit: reading the statement O'Liary says the combined group would compete on the "European and world stage" so it seems he wants to go long-haul! Though the two companies would, he says, be run separately (for the time being until the competition authorities forget why they objected to him, I suspect......)