Irish Continental Group shares surge on €1.2 billion buyout deal

Investing.com -- Irish Continental Group PLC (IR:IR5B_u) rose 26.6% on Friday after the company agreed to a €1.2 billion ($1.37 billion) management-led buyout that would take the Dublin-listed maritime transport group private. Bluefin Bidco, controlled by members of ICG’s senior management including Eamonn Rothwell, David Ledwidge, Andrew Sheen and Declan Freeman, will acquire the company for €8.00 per share in cash.
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Investing.com -- Irish Continental Group PLC (IR:IR5B_u) rose 26.6% on Friday after the company agreed to a €1.2 billion ($1.37 billion) management-led buyout that would take the Dublin-listed maritime transport group private. Bluefin Bidco, controlled by members of ICG’s senior management including Eamonn Rothwell, David Ledwidge, Andrew Sheen and Declan Freeman, will acquire the company for €8.00 per share in cash. The management team currently holds approximately 23.7% of ICG shares. The offer represents a 28.2% premium to ICG’s closing price of €6.24 on Thursday and a 34.8% premium to the twelve-month volume-weighted average price.
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- Investing.com -- Irish Continental Group PLC (IR:IR5B_u) rose 26.6% on Friday after the company agreed to a €1.2 billion ($1.37 billion) management-led buyout that would take the Dublin-listed maritime transport group private. Bluefin Bidco, controlled by members of ICG’s senior management including Eamonn Rothwell, David Ledwidge, Andrew Sheen and Declan Freeman, will acquire the company for €8.00 per share in cash.
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Irish Continental Group shares surge on €1.2 billion buyout deal
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