The company told the stock market that it had “received an approach in relation to a possible offer for the company”. “Discussions are at a preliminary stage and there is no certainty that any offer will be made, or as to the terms of any such offer,” the company said. Last week INM reported profit before tax of €24.1m for 2018, ahead of market expectations. The company’s biggest shareholder is Denis O’Brien, who owns 29.9pc of INM. Shares in the company spiked on the back of the announcement, and were up as much as 34pc.

Source: Irish Independent April 04, 2019 09:56 UTC