Has Denis O’Brien really gone down without a fight? Perhaps facing into what would inevitably become a bruising and expensive legal battle with bondholders weeks before his 65th birthday was just a bridge too far?
Businessman Denis O’Brien is set to hand the majority stake in his Caribbean telecoms empire to its bondholders in exchange for a debt reduction of $1.8bn for the business as the ongoing economic crisis in Haiti sinks the prospects of a lighter debt extension for the group.
Food and nutrition group Glanbia has reported record earnings per share thanks to higher prices and growing US demand.