Eamonn Rothwell-led ICG takeover secures narrow approval from shareholders
Chief executive’s €1.2bn buyout bid for ferry operator had been seen as doomed to fail two weeks ago
John McGuckian
ICG share price signals narrow path to approval of takeover at EGM
Shareholders will vote on Thursday on an €8-a-share offer by management buyout team led by CEO Eamonn Rothwell
ICG says ‘clear majority’ of investors support €1.2bn deal as it delays vote
Deal had not secured vital 75 per cent shareholder backing before egm was adjourned
How ICG’s push to close €1.2bn buyout in August’s holiday lull backfired
Directors of ferries group are blaming an overly tight voting window that was entirely of their own making for deferral of vote on MBO
ICG’s chairman faces potential revolt if now delayed takeover deal rejected
Independent board delays vote on €1.2bn takeover by management team that had been facing defeat for two weeks
ICG chief prepares to cast off on Bluefin deal in €1.21bn bid to take over ferry operator
Share buy-backs and stock awards to chief executive Eamonn Rothwell among factors that have limited market liquidity
ICG bid puts spotlight on McGuckian’s independence
Chairman of Irish Ferries owner has been on the board for 38 years. Is he really that independent?
Ferry operator ICG sees revenues rise 8% in first half despite Covid-19 and Brexit
Increase in freight revenues helps offset decline in passenger business
Irish Ferries owner loses €11.2m in first half as Covid-19 hits travel
Irish Continental Group warns of ongoing coronavirus and Brexit uncertainty
Bank of Montreal trims stake in Irish Continental Group
Canadian bank reduces shareholding in Irish shipping group to just under 3 per cent
Irish Continental ‘totally prepared’ for Brexit
Over 90% of shareholders approve remuneration levels of the ferries operator
ICG shakes off brief Brexit ‘wobble’ to record higher revenue
Stronger Irish economy buoys ferry firm as sterling weakness impacts figures
ICG boss gets 40% pay rise after strong year for shipping group
Increase comes after company surpassed €1 billion mark in market capitalisation
ICG revenue rises 9.5% in first six months of 2015
Strong trends continue over peak summer period as freight, car volumes rise
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