ICG bid must be made in two weeks

It is exactly one month ago today since Eamonn Rothwell and his management buyout team put their cards on the table and launched a long-expected takeover bid for ferry operator Irish Continental Group (ICG).

7th April, 2007

It is exactly one month ago today since Eamonn Rothwell and his management buyout team put their cards on the table and launched a long-expected takeover bid for ferry operator Irish Continental Group (ICG).

However, Rothwell could not have foreseen a bid from a low-profile Cork shipping company and Philip Lynch’s investment vehicle One51 trumping their offer, leaving the €18.50-a-share MBO dead in the water.

Last week, the Doyle Group announced it...

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