Pageant Investments Limited, the Furlong family investment company, has put out a statement to the London Stock Exchange confirming it is voting “against” a proposed €1.2 billion MBO for Irish Continental Group, which values it at €8 a share. Pageant’s statement came less than two hours after the independent board of ICG, chaired by John McGuckian, who has sat on the Irish Ferries board since 1988, said it was backing the MBO offer led by its chief executive Eamonn Rothwell. ICG’s independent board said this decision was “unanimous”. “Having been advised as to the financial terms of the acquisition by…

Want to continue reading?

Join today with an Annual membership and unlock full access to The Currency and The Wall Street Journal for just €200 – two premium memberships, one subscription.

Subscribe

Cancel at any time.

Are you already a member? .