ICG meeting postponed as directors mull offer

THE independent directors of Irish Continental Group have postponed the extraordinary general meeting of ICG due to be held next Thursday to consider the €470 million offer by management for the company.

ICG meeting postponed as directors mull offer
Thu, 05 Apr, 2007 - 01:00
Brian O'Mahony, Chief Business Correspondent

This follows the announcement yesterday by the Cork-based Doyle Group and One51 Capital that they are in discussions regarding a possible offer worth over €500m being made by them for the business.

A takeover battle for ICG is now likely to ensue.

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