Moonduster moves to resurrect takeover saga

MOONDUSTER, the bidding vehicle for Irish Continental Group (ICG) comprising Philip Lynch’s One51 investment business and the Doyle Shipping group, has moved to potentially resurrect the dormant takeover saga at the ferry and freight services group.

The group yesterday proceeded with a planned extraordinary general meeting in Dublin, after which it noted that the consortium had previously called for a six week adjournment to the meeting, during which time it would seek to engage with the other major shareholders “with a view to potentially bringing forward an offer for the company”.

Moonduster owns just over 25% of ICG.

A group statement following the meeting warned shareholders that a renewed approach from Moonduster for the group was “extremely preliminary in nature”.


Lifestyle

Every parent eventually reaches that weird milestone where their children discover that their mother or father had a life before kids. For Cork musician John “Haggis” Hegarty it came this April, when his 17-year-old son walked in clutching a copy of the Irish Examiner.Emperor of Ice Cream: Cork band reunite for another scoop

Louis Theroux, best known for his TV documentaries, is, like the rest of us, being forced to improvise and so has started a podcast, Grounded with Louis Theroux.Podcast Corner: Louis Theroux and Ross Kemp zoom into action

Gavin James is preparing for what is probably the strangest challenge of his live-gigging career to date: performing to a sea of cars at his upcoming Live at the Drive In gigs.Gavin James: All revved up for drive-in gigs

The Government last week reminded anyone receiving the pandemic unemployment payment (PUP), put in place as an emergency response to layoffs made in the wake of the Covid-19 crisis, that they could be liable for a tax bill at the end of the year.Making Cents: Working out if you will face a tax bill because of Covid-19 supports

More From The Irish Examiner