Irish Continental asks takeover panel to impose deadline on bidding consortium |
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Published
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Fri, 25 May 2007 17:37
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LONDON (Thomson Financial) - Irish Continental Group PLC said it has asked the Irish takeover panel to impose a deadline on the bidding consortium for them to clarify their position on their offer.The bidders who expressed interest in making an offer on April 4, had confirmed on May 17 that their due diligence process was complete.The offer is expected to be not less than 20.75 eur per Irish Continental share.TFN.newsdesk@thomson.comrsh/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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One Fifty One Consortium due diligence for Irish Continental buy progressing 