INM shares fall on speculation of debt for equity swap

SHARES in Independent News & Media (INM) fell by nearly 15%, yesterday, on the back of further speculation that the group’s management is close to offering investors a stake of more than 40% in the group.

The deal is connected to the delayed repayment of a €200 million bond.

INM’s share price closed at 26c in Dublin, down by 14.52% – or 4c – on Friday’s close.