Perhaps IAG will go for a hostile take over now. Ryanair have to sell shares and €2.55 each is a better deal than they will potentially get on the open market now the deal is off (presuming it was ever on).
Ryanair have to do nothing.
Already proven that UK Competition Commission statements were a load of
as they haven't prevented anybody else making a bid.
That case is going to EU courts and with right lawyers will still be there in 3-4 yrs time.