Riverdeep priced at €2.27

GOODBODY Stockbrokers set a 89% premium on Riverdeep’s closing share price of €1.20 last night as the fair value price of the stock while plans for a management buy-out (MBO) of the company gather pace.

Goodbody analyst Gerry Hennigan set a buy-out target price of €2.27 on the proposed management buy-out by led by chief executive and chairman Barry O’Callaghan.

Riverdeep shares fell by 9% yesterday to a €1.20 closing price after Monday’s 76% surge.