Monday June 1, 2020

Waterford Wedgwood deal pays off for Davy

Davy Stockbrokers has pocketed almost €2 million as a result of underwriting deals that the firm struck last year with Waterford Wedgwood and its two principal shareholders.

10th February, 2007

Davy Stockbrokers has pocketed almost €2 million as a result of underwriting deals that the firm struck last year with Waterford Wedgwood and its two principal shareholders.

The firm underwrote almost half of the €60 million share offer undertaken by the company last summer to fund restructuring and working capital requirements.

It struck a separate deal with Tony O’Reilly and Peter Goulandris, Waterford’s chairman and deputy chairman who between them control over 50 per cent...

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