Family affair in Waterford share sale

Dan Weeks, Bloomberg

The company said yesterday it had completed the sale of stock worth 100m to current investors, who had the right to purchase five new shares for every three held. Waterford is raising the money to fund its acquisition of Royal Doulton.

Mr O’Donoghue bought 648,756 shares, and his wife bought 3,271 shares. The O’Donoghues also bought 2.19 million shares through a joint account.