ONE51 and the Doyle Group have increased their stake in ICG to 20.2%, paying up to €20.75 for its recent share purchases in the group.

THE independent directors of Irish Continental Group have postponed the extraordinary general meeting of ICG due to be held next Thursday to consider the €470 million offer by management for the company.

IRISH Continental Group’s management team, led by its chief executive, Eamon Rothwell, yesterday made a surprise €470 million offer to take the company private.

WATERFORD STANLEY managing director Michael Laffan is set for a major windfall from the sale of the company.

Electronic tool manufacturer Oglesby & Butler has announced that discussions in relation to a proposed management buyout have broken down.

GREEN PROPERTY, taken private by management two years ago, saw its profits rise by nearly 700% last year.

LIFESTYLE SPORTS cut more than 100 jobs last year as it reversed a €3.4 million loss into a profit.

MBO management buyout vehicle Melgan has said it has opted to withdraw its offer for Barlo Group following a rival bid from Sean Quinn's Sarcon, which is being recommended by Barlo's independent directors.

Dermot Desmond's finance vehicle IIU Nominees has sold its remaining stake in radiator and plastics group Barlo for just over €3.8m.

Sean Quinn has launched a takeover offer of 48c per share for MBO target Barlo, valuing the plastic and radiator company at €84m.

THE management buyout (MBO) of the plastics and radiator group Barlo was effectively blocked yesterday after it emerged that businessmen Sean Quinn and Dermot Desmond hold enough shares to block the takeover.

The identity of the buyer of 25.6 million shares in the MBO target Barlo has been named as Sean Quinn.

Shares in MBO target Barlo increased by more than 20% on the ISEQ today after Dermot Desmond's finance vehicle IIU Nominees sold more than 25.6m shares in the plastics and radiator company today for around €12.3m.

The group behind the Management Buyout Offer (MBO) for plastics and radiator group Barlo says it has received acceptances from shareholding representing just over 36% of the company.

The Iseq index closed up 20.74 points on Monday to close at 5229.25.

Financier Dermot Desmond upped his Barlo stake again last Friday with the purchase of another million shares in the MBO target company.

Dermot Desmond has increased his stake in the MBO target Barlo group.

FINANCIER Dermot Desmond has once again raised his stake in the plastics group Barlo, which is the subject of a management buy-out (MBO).

Two Irish businessmen have led a €37m management buyout (MBO) of Kent-based European Golf Brands (EGB), a leading manufacturer of golf accessories in the UK.

Manufacturing company Barlo have confirmed that a proposed management buyout led by chief executive Dr Anthony Mullins is still being considered.

IWP SHARES were bought heavily in the Dublin market yesterday, fuelling speculation of an imminent offer for the personal care products group.

PAYMENTS software company Euronet Worldwide is to make a bid for Alphyra, currently the subject of a proposed management buyout (MBO).

Riverdeep sent its shareholders documentation yesterday which relates to the proposed management buyout. These documents will ask shareholders to vote on the MBO on March 4.

CASH-rich Trintech, which reported revenues for the third quarter broadly in line with expectations, is unlikely to follow Conduit and Riverdeep down the management buy-out route (MBO), brokers Dolmen speculated yesterday.