CAR Ferries group IrishContinental (ICG) has put a deadline of March 18 on the proposed Moonduster bid for the company.

THE protracted takeover battle for Irish Continental Group may be close to an end.

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.

FERRY operator Irish Continental Group saw profits rise by 22% last year to €40.7 million.

THE Irish Takeover Panel has refused a request by the independent directors of car ferries group IFG to instruct Moonduster to submit a bid by October 31.

A MAJOR row has erupted between the two bidders for car ferries group ICG.

PROPERTY developer Liam Carroll has increased his holding in Irish Continental Group, overtaking Moonduster, one of the two bidders battling for control of the ferry operator.

MOONDUSTER and its top advisers will meet early next week to decide its next move in the €600 million battle for control of car ferries firm Irish Continental Group (ICG).

PROPERTY developer Liam Carroll has increased his stake in Irish Continental Group to 19.1%, bringing his holding into line with the management’s percentage of the company.

A STATEMENT issued on behalf of Moonduster yesterday in relation to takeover bids for Irish Continental Group (ICG) said that the board confirmed that it received an approach from advisers acting on behalf of Liam Carroll to purchase interests in ICG units held by One51 Capital Limited and Doyle Group Limited.

A SOLUTION to the ongoing battle for control of Irish Ferries operator Irish Continental Group (ICG) has been proposed by bidders Moonduster.

THE independent directors of Irish Ferries operator, ICG, have given the two rival companies fighting to buy the company until this Thursday to sort out the bidding stalemate for the firm.

BOTH sides fighting for control of ICG (Irish Continental Group) meet this week in an attempt to end the bid deadlock for the car ferries group.

Fresh intrigue was added to the takeover duel for ICG yesterday when international stockbroker Cantor Fitzgerald bought over one million shares in the group yesterday.

THE independent directors of Irish Continental Group (ICG), which owns Irish Ferries, are refusing to put the two counter bids of €22 per share to shareholders, they said last night.