Cinema boss ups Oglesby shares

THE proposed take-private deal at Oglesby & Butler took a twist yesterday when it emerged that cinema promoter Kevin Anderson had increased his stake in the Carlow electronic tool manufacturer to almost 17%.

Mr Anderson, who is one of the owners of the Ward Anderson group of cinemas that includes Dublin’s Savoy and Cork’s Cineplex, told the stock exchange yesterday he spent €75,000 on Oglesby shares since late last week.

Mr Anderson bought a block of Oglesby shares worth almost €550,000 last month, bringing his stake up from 2% to near the 20% threshold that would allow him to prevent a takeover.