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Fri 10 Oct 2009O'Brien in new approach to INM bondholders
BUSINESSMAN DENIS O’Brien is believed to have made a revised proposal to the bondholders of Independent News Media (INM) on Wednesday in the hope of finding an alternative solution to the one proposed by chief executive Gavin O’Reilly, which would result in existing shareholders being significantly diluted.
Mr O’Brien has also hired investment bank Credit Suisse to advise him in relation to INM.
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