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O'Brien seeks to halt sale of INM Outdoor
The Irish Times; Sep 3, 2009; ; 700+ Words ...the chief executive. Days after INM publicly defied Mr O'Brien by proceeding with plans to sell INM Outdoor, a South African advertising business...million bond repayment in May. The INM Outdoor sale, from which it would realise...
Mooted sale of INM Outdoor not enough for Independent.(Business Report)
The Star (South Africa); Jul 22, 2009; 700+ Words ...million (R1.1 billion) for INM Outdoor, the outdoor advertising company...African media assets were for sale. INM Outdoor and two other non-core operations...concerning the Brazilian offer for INM Outdoor. But last week he confirmed that...
INDEPENDENT News & Media (INM) shareholders yesterday approved the sale of the company's South African unit, INM Outdoor, at an extraordinary general meeting. The company said the disposal was expected to be completed by the middle of next month.
Irish Independent (Dublin, Republic of Ireland); Nov 27, 2009; 649 Words INM egm backs rights issue and sale of South African...MEDIA Maeve Dineen INDEPENDENT News & Media (INM) shareholders yesterday approved the sale of the company's South African unit, INM Outdoor, at an extraordinary general meeting. The...
INDEPENDENT News & Media (INM) shareholders yesterday approved the sale of the company's South African unit, INM Outdoor, at an extraordinary general meeting.
Irish Independent (Dublin, Republic of Ireland); Nov 27, 2009; 620 Words INM egm backs rights issue and South African sale MEDIA Maeve Dineen INDEPENDENT News & Media (INM) shareholders yesterday approved the sale of the company's South African unit, INM Outdoor, at an extraordinary general meeting. The...
SHARES in Independent News and Media rose 1cents on the week when news broke that the board had conditionally agreed to raise nearly '100m by selling its interest in INM Outdoor, its South African outdoor media firm.
Sunday Independent (Dublin, Republic of Ireland); Aug 30, 2009; 474 Words INM sells African advertiser SHARES in Independent News and Media rose...conditionally agreed to raise nearly '100m by selling its interest in INM Outdoor, its South African outdoor media firm. The sale is a further step in the firm's strategy...
Examinership not an option for INM, says O'Reilly
The Irish Times; Aug 29, 2009; ; 700+ Words ...sale of its South African business INM Outdoor. Amid tentative indications that...has vowed to block any sale of INM Outdoor, Mr O'Reilly also expressed...yesterday that the decision to sell INM Outdoor for 1.1 billion rand ([euro...
INM bondholders ramp up pressure over [euro]200m note failure
The Irish Times; Jul 25, 2009; ; 700+ Words ...enhance liquidity. The deal, which reduced INM's exposure to the expanding Indian market...of weakness. To raise additional funds, INM is selling its South African advertising business INM Outdoor and its interest in price comparison firm...
Stakeholders must offer concessions if INM restructuring is to be successful
The Irish Times; Aug 31, 2009; ; 700+ Words ...South African advertising business INM Outdoor. Furthermore, he said examinership...and would have to be considered by INM as efforts continue to resolve its...For one thing, the disposal of INM Outdoor was already in train when O'Brien...
Core newspapers not for sale - INM.(Business Report)
The Star (South Africa); Mar 16, 2009; 700+ Words ...Africa, were for sale, a spokesman for INM said on Friday night. Pat Walshe told...management was looking only at the sale of INM outdoor advertising assets in Africa. The...announcement of dramatic changes to the INM board, which prompted speculation...
INM set to spurn [euro]100m O'Brien investment plan
The Irish Times; Sep 26, 2009; ; 700+ Words ...local radio business, he proposed taking 67 per cent of INM's equity in a scheme that would dilute existing shareholders...euro]98 million sale of South African advertising unit INM Outdoor, INM said last night that its banks and bondholders are consenting...
Independent News and Media (INM) has sold its stake in the German website Verivox for '18.3m.
Irish Independent (Dublin, Republic of Ireland); Dec 8, 2009; 633 Words ...site. Oakley is to buy a further 2pc of the company. INM Outdoor, INM's advertising business based in South Africa, will...of the disposal of Verivox, together with that of INM Outdoor, will bring the total proceeds raised from disposals...
O'Brien in new approach to INM bondholders
The Irish Times; Oct 2, 2009; ; 700+ Words ...group, included a proposal to sell INM Outdoor, the South African advertising business...South African advertising company INM Outdoor. This forms part of a programme...Bondholders will take 46 per cent of INM to meet [euro]123 million of the...
INM debt standstill deadline extended.(Business Report)
The Star (South Africa); Jul 27, 2009; 700+ Words ...would veto the proposed sale of INM Outdoor, the group's outdoor advertising...R1.1 billion) was made for INM Outdoor. However, yesterday O'Brien...that it had secured a buyer for INM Outdoor. At the end of April INM management...
INM rebuffs O'Brien bid to oust chairman
The Irish Times; Sep 25, 2009; ; 664 Words ...Brien took a dissenting position, the INM board said that his proposals were...authority to conduct its normal business. INM said it was not tabling Mr O'Brien...South African advertising business INM Outdoor, a key refinancing deal, on the basis...
Independent News & Media (INM) moved yesterday to assure investors it would secure a refinancing deal for a €200m bond due this month.
Irish Independent (Dublin, Republic of Ireland); May 1, 2009; 700+ Words ...advertising markets seen in decades". INM, the publisher of this newspaper and...price comparison website Verivox and INM Outdoor (South Africa) by the end of the...this year. SLUMP> The latest INM numbers reflect a general slump in...
INDPENDENT News and Media (INM) yesterday said it is continuing to look for a 'final and lasting' resolution of the group's financial problems for the benefit of all stakeholders.
Irish Independent (Dublin, Republic of Ireland); Sep 3, 2009; 700+ Words ...planned sale of its South African outdoor advertising business. Last week, INM conditionally sold that business...and approved by the board of INM last month. Mr O'Brien has...addition, it [the disposal of INM outdoor] is central to the current...
INM seeks to stop vote on O'Brien motions ahead of [euro]200m bond deal
The Irish Times; Sep 18, 2009; ; 680 Words ...the most sensitive of the resolutions, which calls on INM to take no further steps to sell its South African advertising unit, INM Outdoor. INM is likely to argue that this resolution should properly...
Bondholders who are owed '200m by Independent News & Media (INM) have rejected a second financial restructuring proposal for the group put to them by shareholder Denis O'Brien.
Irish Independent (Dublin, Republic of Ireland); Oct 3, 2009; 700+ Words ...retain 31pc. SHAREHOLDERS Under the INM proposal, existing shareholders would...from Mr O'Brien envisaged selling INM Outdoor -- something he has fiercely resisted...bondholders for its own restructuring plan, INM said this week that the restructuring...
INM reports 'comparatively resilient performance' in challenging times
Belfast Telegraph; Aug 29, 2009; ; 657 Words ...conditionally agreed to sell its interest in INM Outdoor to a pan-African private equity...The proceeds of the disposal of INM Outdoor are seen as an important part in the delivery of the INM's stated strategy to substantially...
Holders of bonds reject O'Brien's INM plan
The Irish Times; Oct 3, 2009; ; 541 Words ...bondholders have informed Mr O'Brien and INM's banks of their decision and they...s revised approach involved selling INM Outdoor, the company's South African advertising...Brien, who owns 26.14 per cent of INM, had previously rejected a similar...
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