Investors increase ICG holdings amid frenzied trading as bid deadline looms
Nick Furlong’s Pageant Investments, Eamon Waters’ Sretaw and London-based Sand Grove increase their stakes
Eamonn Rothwell
Rothwell’s offer for ICG poised to sink, and data behind youth unemployment
The best news, analysis and comment from The Irish Times business desk
What next for ICG and Eamonn Rothwell if investors reject takeover bid?
Based on early proxy votes cast, the €1.2 billion offer by Rothwell and other managers looks set to be rejected
ICG buyout offer of €1.2bn set to be rejected, board warns investors
Early proxy votes indicate management-led offer for ferry operator could be turned down
Revenues up but profits down for ferry operator ICG in first half of year
Results come against backdrop of €1.2bn MBO led by chief executive Eamonn Rothwell that would see shareholders paid €8 per share
ICG board says buyout offer ‘fair and reasonable’ amid shareholder criticism
ICG management group, led by CEO Eamonn Rothwell, has offered €8 per share to buy the business
Eamonn Rothwell will not increase offer for ferry operator ICG
Statement comes as a number of shareholders say the offer undervalues the ferry business
ICG management buyout undervalues ferry operator by 39%, shareholder claims
Irish Ferries operator is the subject of a management-led buyout, which some stakeholders oppose
Major ICG shareholders oppose €1.2bn management buyout as undervaluing group
Dissenting institutional investors claim debt and earnings picture underpinning bid multiple are misleading
ICG chief prepares to cast off on Bluefin deal in €1.21bn bid to take over ferry operator
Share buy-backs and stock awards to chief executive Eamonn Rothwell among factors that have limited market liquidity
ICG bid puts spotlight on McGuckian’s independence
Chairman of Irish Ferries owner has been on the board for 38 years. Is he really that independent?
DCC Energy board backs ‘compelling’ takeover bid of up to £5.73bn
Board faces collision course with some top investors who see deal as undervaluing the company
ICG shares soar after €1.2bn buyout bid led by chief executive Rothwell
Shares spike above €8 offer price, to €8.08, after weight of buyers delays start of trading
ICG chief Eamonn Rothwell leads €1.2bn buyout bid almost 20 years after failed attempt
Three Irish public companies are now subject to takeover proposals
ICG revenues jump 14% as it passes on higher fuel charges and emissions costs
Roll-on, roll-off freight unit traffic rose 5.2% on same period last year, but car volumes were down 2.9% and container freight 3.8% weaker
ICG puts forward chairman McGuckian for re-election for 39th year
Irish Ferries parent group defends decision to continue departure from public company governance codes
Iseq’s longest-standing chief keeps market guessing as ICG stake rises
Share buybacks have seen Eamonn Rothwell’s stake in the business jump 50% but, at 71, what is his end game?
Irish Ferries owner reports 10% jump in revenues despite falling car volumes
ICG has reduced sailings on Dover-Calais route to redeploy capacity to Ireland-France route
ICG buybacks help lift Rothwell’s stake by 35% in a decade
Chief executive of 33 years now owns just over 20% of parent of Irish Ferries
ICG earnings top estimates as strong containers business offsets passengers dip
Passenger revenues rise despite Holyhead disruption after winter storm damage and reduction in sailings on Dover-Calais route
ICG investors urged to reject chief executive bonus and virtual AGMs plan
Proxy adviser ISS remains concerned over lack of detail on how bonus of long-time chief executive Eamonn Rothwell is assessed
Michael O’Leary, Tony Smurfit, Albert Manifold: Which Irish plc CEOs have the biggest pay packages?
The median chief executive compensation packag was €2 million last year.
Irish Ferries owner faces possible fight on chief executive bonus
Proxy adviser ISS urges shareholders to reject company’s remuneration report at forthcoming agm
Ferry bosses share €4.6m in share-based payments
Irish Continental Group chief executive Eamonn Rothwell receives €1m in share payments and another €1.5m in options at current values
P&O debacle is product of race-to-bottom capitalism which we all secretly sponsor
Company’s behaviour is reprehensible but it was merely following well-worn industry path
ICG sees cars on Irish Ferries soar 400% after solid 2021
Revenues last year rose by 21% to €334.5m as number of cars carried increased to 203,600
ICG fends off accounting watchdog challenge over ferry values
Concern over lack of impairment charges as ferries left idle during pandemic shutdown
ICG to have three ferries on Dover-Calais route after fresh purchase
Irish Ferries owner has prioritised route between England and France
Why Covid-19 saw a rise in Iseq CEOs’ average pay
Median CEO compensation package falls almost 36 per cent to €1.2 million however
FBD, ICG and Uniphar under fire over executive pay
Advisory firms to big corporate companies critical of top-level remuneration ahead of agms
Ferry operator ICG’s sales fall 26% amid Covid-19 passenger slump
Cars down 67%, offset partly by increase in lorries carrying goods
Irish Ferries owner abandons €17m dividend plan amid Covid-19
Irish Continental Group has seen passenger numbers fall 60% but freight volumes robust
ICG boss says ferries subsidy ‘wasting taxpayers’ money’
Last government committed at start of April to provide up to €15m of PSO subventions
Scrapping €165m ship deal may work in ICG’s favour
After WB Yeats debacle, Irish Ferries owner facing Covid-19 and Brexit uncertainty
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