DCC suitors get week to make bid as shareholders baulk at £5.7bn proposal
Irish Takeover Panel agrees one week extension to eve of group AGM for suitors to confirm bid or walk away
DCC
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Business Today: The best news, analysis and comment from The Irish Times business desk
With shareholders lining up to oppose its takeover, this is an important week for DCC
Private equity bidders have until 5pm on July 8th to either make a firm offer or withdraw from potential takeover of Dublin energy group
Markets take a breather amid concerns over increase in Fed rates
DCC shares fall after Fidelity come out against takeover deal
DCC’s top shareholder comes out against raised takeover proposal
Fidelity International says €6.63bn pitch by US private equity groups ‘still undervalues the company’
DCC shares soar as US private equity firms increase bid to £5.7bn
Suitors have just hours to meet ‘put up or shut up’ deadline imposed by Irish Takeover Panel for energy-focused business
DCC boss notes short-term public market pressures as bid deadline looms
Is Donal Murphy warming to the idea of DCC being taken private?
DCC revenue falls as it refocuses on energy business
Company has sold off healthcare and info tech units
DCC’s plc days seem numbered unless bid interest ignites its energy story
This week’s bid from ECP and KKR means the Irish company is firmly in play
DCC rejects €5.72bn bid from Energy Capital and KKR
Rejection comes two days after company said it had received the offer
DCC jumps to four-year high on bid from Energy Capital and KKR
DCC is based in Dublin and listed on the London Stock Exchange
DCC could trigger FTSE 100 exit if it perseveres with share buybacks from tech unit sale
Five FTSE 250 groups valued more highly by the market than Ireland’s last member of blue chip index
DCC shares rise on gas deals after weakness amid FTSE 100 exit fears
DCC buying US-based UGI Group’s liquid gas businesses in Poland, Hungary, Czechia and Slovakia
DCC buys Austrian gas distributor for €55m
The company, which is based in Dublin but listed on the FTSE 100, has bought Flaga from European gas company UGI International
Nephin Energy agrees deal with Flogas to sell renewable gas at new Mayo plant
Construction begins on €50m biomethane plant in Ballinrobe which is slated to open in 2027
DCC to launch £600m buyback in November after healthcare unit sale
Irish conglomerate is seeking to narrow its focus to energy
Irish publicly quoted companies to spend record €6.9bn on buybacks amid global flurry
Heightened spend reflects a surge in stock repurchases on both sides of the Atlantic
Some €3.3bn in mergers and acquisitions completed in Irish market in second quarter this year, data shows
US tariff concerns weighed somewhat on activity levels, according to Davy report
Applegreen to open Ireland’s first Taco Bell at new €15m forecourt on M3
Forecourt rival Certa will open 25th hydrotreated vegetable oil (HVO) fuel site in Ireland in Portlaoise
DCC applies for court approval for €1bn capital reduction
Move comes after sale of heallthcare division
Irish deal-making up 4%, bucking European trend
Reasons for ‘cautious optimism’ despite global macro headwinds, says law firm William Fry
DCC to sell Ireland and UK info tech unit in €115m deal
Larger part of group’s technology business, which specialises in audiovisual equipment for events companies, is still on the market
Global shares shrug off trade anxieties as volatility recedes
Iseq index largely unchanged as banks and Ryanair dip
DCC still sees remaining businesses growing this year despite initial earnings dip
Irish listed company is ditching its conglomerate structure to focus on energy
DCC seen getting £633m for tech unit – over a third lower than some initial estimates
Weak results for division and mounting concerns about the impact on key US business of tariffs and cautious consumers prompt downgrades
Private equity firm behind 3,000 jobs in Ireland raises €1bn for new fund
Exponent’s Irish investments include Chanelle Pharma, Ethos Engineering and Kingsbridge Healthcare
DCC’s reward for strategic shift delayed as Trump casts shadow over tech unit sale
Datalex remains hooked on financial support from billionaire backer Dermot Desmond
DCC ‘confident’ will stay in FTSE 100 as it doubles down on energy after unit sales
DCC said its operating profit rose 4.9% to £703m in year to the end of March, driven by its energy group
DCC shares fall as €1.22bn sale of healthcare unit undershoots expectations
Dublin-based group moved in November to abandon its conglomerate roots to focus on energy
DCC Energy chief to depart amid leadership shake up
Conglomerate annodunced plans in November to focus on its energy division
Kylemore serves up €3m dividend as profits grow ninefold
Turnover at catering company was boosted by increased sales and the addition of some new contracts to the business
European shares reverse declines to finish higher
Iseq index flat as Ryanair adds 1% despite sluggish traffic growth
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