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Irish Times: Denis O’Brien may be ‘bypassed’ in IN&M bond deal

August 4th, 2009Posted by in Editors' pick, Newspapers

The latest on the Independent News & Media financial negotiations, as reported by the Irish Times:

“Bondholders in Independent News & Media (IN&M) are negotiating with the company on the resolution of an overdue €200 million note on the basis that key investor Denis O’Brien will not sign up to current proposals.”

Last month, in an interview with the Irish Sunday Times, O’Brien said that it was possible IN&M might go into bankruptcy protection.

Full story at this link…

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