ICG sets Moonduster bid deadline

CAR Ferries group IrishContinental (ICG) has put a deadline of March 18 on the proposed Moonduster bid for the company.

Moonduster’s lead investor is One51, an investment company headed by businessman Philip Lynch that also includes the Doyle Group, the well-known Cork shipping company.

In early December the market was surprised when ICG’s management, headed by Eamonn Rothwell and Moonduster, announced they had joined forces in a fresh effort to find a solution to the long-running takeover saga that began in March 2007.