INM board to block O ’Brien move

The board of Independent News and Media (INM) is set to throw out a proposal by Denis O’Brien to invest €100 million in the company tomorrow.

26th September, 2009

The board of Independent News and Media (INM) is set to throw out a proposal by Denis O’Brien to invest €100 million in the company tomorrow.

O’Brien outlined the plan at a meeting last Friday which sources described as ‘bad tempered’. His proposal involves a new vehicle Rescue Cotaking a 67 per cent stake in the company.

The rejection of O’Brien’s plan would appear to clear the way for INM’s...

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