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Article: Independent News & Media (INM) expects a restructuring deal to be finalised before the latest extension to its debt payments expires on December 23, chief executive Gavin O'Reilly said yesterday.
- Article from:
- Irish Independent (Dublin, Republic of Ireland)
- Article date:
- November 4, 2009
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IN&M expects restructuring deal to be finalised before debt extension expires
MEDIA
Maeve Dineen
Independent News & Media (INM) expects a restructuring deal to be finalised before the latest extension to its debt payments expires on December 23, chief executive Gavin O'Reilly said yesterday.
Mr O'Reilly was speaking at an Extraordinary General Meeting (EGM), in which shareholders rejected the resolutions proposed by INM's second biggest investor, Denis O'Brien.
The two resolutions called firstly to remove Brian Hillery as chairman and secondly to appoint a new senior independent director to replace Baroness Jay.
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