French fund and Eamon Waters seen as kingmakers in vote on ICG bid
Irish Ferries' owner subject to proposed management buyout
Irish Ferries
Odds tighten on CEO Rothwell’s bid for Irish Ferries owner
Eamonn Rothwell’s bid for Irish Ferries parent ICG would be one last big deal for the ‘maritime Michael O’Leary’
ICG says ‘clear majority’ of investors support €1.2bn deal as it delays vote
Deal had not secured vital 75 per cent shareholder backing before egm was adjourned
How ICG’s push to close €1.2bn buyout in August’s holiday lull backfired
Directors of ferries group are blaming an overly tight voting window that was entirely of their own making for deferral of vote on MBO
ICG’s chairman faces potential revolt if now delayed takeover deal rejected
Independent board delays vote on €1.2bn takeover by management team that had been facing defeat for two weeks
ICG looks at adjourning egm as CEO takeover bid currently set to be rejected
Ferries operator says it is aware of at least one instance where a shareholder has changed their mind and now intends to back the deal
Passports to be required for ferry passengers crossing Irish Sea
Requirement set to come in from September 28th as a result of change to British ID rules
Investors increase ICG holdings amid frenzied trading as bid deadline looms
Nick Furlong’s Pageant Investments, Eamon Waters’ Sretaw and London-based Sand Grove increase their stakes
What next for ICG and Eamonn Rothwell if investors reject takeover bid?
Based on early proxy votes cast, the €1.2 billion offer by Rothwell and other managers looks set to be rejected
ICG buyout offer of €1.2bn set to be rejected, board warns investors
Early proxy votes indicate management-led offer for ferry operator could be turned down
Revenues up but profits down for ferry operator ICG in first half of year
Results come against backdrop of €1.2bn MBO led by chief executive Eamonn Rothwell that would see shareholders paid €8 per share
Shares slide as surging oil prices and bond yields dent confidence
Tumbling chipmaker stocks sends Wall Street’s main indices near two-week lows
ICG board says buyout offer ‘fair and reasonable’ amid shareholder criticism
ICG management group, led by CEO Eamonn Rothwell, has offered €8 per share to buy the business
Eamonn Rothwell will not increase offer for ferry operator ICG
Statement comes as a number of shareholders say the offer undervalues the ferry business
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