Telecoms tycoon Denis O'Brien has again increased his shareholding in Independent News & Media. A statement to the stock exchange said he now held 21.17% of the media company. This amounts to 167.28 million shares. Earlier this month his stake was 19.35%.
A 25 % shareholding would enable him to block certain resolutions put to shareholders.
The O'Reilly family and the board together own 28.2%.
As O’Brien has increased his shareholding the bitterness between both camps has grown in intensity.
Is a hostile takeover bid on the way?
Showing posts with label Independent News and Media. Show all posts
Showing posts with label Independent News and Media. Show all posts
Thursday, March 20, 2008
Telecoms tycoon Denis O'Brien ups stake in INM
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