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O’Reilly buys more Indy shares to shake off O’Brien

Posted by Paul McNally on 14 April 2008 at 04:29
Tags: Journalism, National Newspapers

Independent News and Media chief executive Tony O’Reilly has spent another €4.22m on shares in his company.

The move gives O’Reilly a 27.46 per cent stake and is a defensive measure against “dissident shareholder” Denis O’Brien’s attempts to build up his stake in the Independent publisher.

Tags: Journalism, National Newspapers

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