Independent News & Media rejects Denis O’Brien’s restructuring proposal
Sep 29th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The board of Independent News & Media (INM) on Monday rejected a restructuring plan proposed by its second-biggest shareholder Denis O’Brien and backed chief executive Gavin O’Reilly's proposed deal with bondholders who are owed €200 million, which has been due for payment since last May.