• Most Popular
  • Most Shared

Independent News sees restructuring done by Dec 23

Tue Nov 3, 2009 6:42am EST

Stocks

   

DUBLIN, Nov 3 (Reuters) - Independent News & Media (INME.I) expects a restructuring deal to be finalised before the latest extension to its overdue debt payments expires on Dec. 23, chief executive Gavin O'Reilly said on Tuesday.

O'Reilly was speaking at a meeting where shareholders of the Dublin-based publishing group defeated resolutions by its second biggest investor, Denis O'Brien, to remove Brian Hillery as chairman and to appoint a new senior independent director.

"We are pleased at shareholders' support at today's EGM," the company said in a statement. "This is a critical juncture for the company as we seek to restore financial stability on an agreed and consensual basis, in the best interest of all stakeholders." (Reporting by Andras Gergely; Editing by Dan Lalor)



More from Reuters

An image of U.S. President Barack Obama is seen in an exhibition at the Nobel Peace Centre in Oslo December 9, 2009. Two leading international human rights groups gave Obama mixed reviews on his human rights record on Wednesday, a day before he is slated to accept the 2009 Nobel Peace Prize in Oslo. Human Rights Watch and Amnesty International urged Obama to use his acceptance speech on Thursday to renew U.S. leadership on human rights after its position was undermined by abuses committed during the Bush administration's war on terrorism. REUTERS/Chris Helgren

Copenhagen: What of Obama?

President Barack Obama’s decision to attend the climate talks in Copenhagen is said to show the White House is serious about pursuing a deal to curb global warming. What should Obama commit to on climate change? Share your views.  Full Article | Related Story 

    Climate Conference
    Tom Metzold, Vice President of Eaton Vance Management and Senior Portfolio Manager at Eaton Vance, speaks at the Reuters Global Media Summit in New York, December 9, 2009. REUTERS/Brendan McDermid

    "Everything's not hunky-dory"

    Did the worst downturn in 70 years leave a permanent scar? Top money managers like Tom Metzold examines how a "new normal" will shape things to come.  Full Article 

    Investment Outlook Summit

    "There will be times when nations...will find the use of force not only necessary but morally justified."

    President Barack Obama,
    during his acceptance speech for the Nobel Peace Prize
      Barack Obama