After Conduit’s MBO alphyran is now centre of attention

CONDUIT’S management buyout offer (MBO) could be quickly followed by yet another exit from the Irish Stock Exchange if alphyra executives decide the market is not buying into its story.

The news from Conduit that its management plan to make a €52 million bid for the company which was valued at €42 million when the exchange opened yesterday morning came in a brief 227 word statement issued by the company.

No one was surprised at the Conduit declaration and speculation has now moved to alphyra, and that perhaps chief executive John T Nagle will lead a MBO at the retail electronic transaction specialists.