O’Brien bids for INM: Backdoor takeover aims to please banks and bondholders

Posted by Peter Kirwan on 24 September 2009 at 16:48
Tags: Journalism

At Independent News & Media, the endgame has kicked off. Denis O’Brien has unleashed his bid to take control of the company.
O’Brien wants to cut the O’Reillys out of any refinancing. His backdoor takeover effort may succeed if it offers more to INM’s banks and bondholders than the O’Reillys can muster.
The major concern for most [...]

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