INM in fighting could scare off ‘white knight’
The enmity among the board members of INM may be enough to dissuade any prospective suitors, such as Axel Springer, from making an approach
The news of interest from German publisher Axel Springer in Independent News and Media (INM) has lightened somewhat the gloom enveloping the embattled company. Serious issues with bondholders and a very vocal unhappy shareholder have thrown a thick fog over the Irish media company. This has resulted in the company faring even worse than its international peers, which have started to see a lift in share price.
A new injection of cash into the firm...
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