ICG investors will clarify takeover bid

Key investors in ICG (Irish Continental Group) are to issue statements next week clarifying whether they intend to make a takeover offer for the company to counter the management buyout bid currently on the table.

31st March, 2007

Key investors in ICG (Irish Continental Group) are to issue statements next week clarifying whether they intend to make a takeover offer for the company to counter the management buyout bid currently on the table.

Following contacts last week with the Takeover Panel, Cork shipping company the Doyle Group and One51 are both expected to issue statements before the weekend.

It is understood that representatives from both shareholders were in communication with the Takeover Panel...

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