ICG directors put Thursday deadline to end stalemate

THE independent directors of Irish Ferries operator, ICG, have given the two rival companies fighting to buy the company until this Thursday to sort out the bidding stalemate for the firm.

Moonduster, representing One51 and Doyle Shipping and the management-led group Aella, have been battling for control of the company for several months.

In a statement, coinciding with the company’s annual general meeting yesterday, the independent directors said neither offer could be implemented without the support of the other party.