Johnston Press in takeover speculation

REGIONAL newspaper owner, Johnston Press declined to comment on speculation that it may be a takeover target as its shares surged by 20.26% yesterday.

Johnston Press in takeover speculation
Sat, 14 Jun, 2008 - 01:00

Malaysian media-focused investment firm, Usaha Tegas, is believed to have Johnston in its sights.

Johnston is currently in the midst of a rights issue, aimed at raising nearly €270 million that will go towards reducing its debt and strengthening its balance sheet.

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CourtsPlace: EdinburghPlace: IrishPlace: LondonPerson: Tim BowdlerPerson: JohnstonOrganisation: Johnston PressOrganisation: Usaha TegasOrganisation: JohnstonOrganisation: Leinster Leader GroupOrganisation: Usaha Tegas’Organisation: Limerick LeaderOrganisation: Kilkenny People
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