O’Brien challenged to bid for IN&M

EXECUTIVES at Independent News and Media (IN&M) have thrown down the gauntlet to the company’s biggest shareholder — telecoms billionaire Denis O’Brien — to make a bid for the company “if he wants to control it”.

Yesterday, a spokesman for Mr O’Brien said they would not be commenting on the IN&M challenge.

It is understood that Mr O’Brien’s reluctance to comment relates to strict Takeover Panel rules&.