Mediahuis (Standaard, etc.) wil Ierse krantengroep Independent News & Media (INM) kopen voor 145.600.000 Euro

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Mediahuis (Standaard, etc.) wil Ierse krantengroep Independent News & Media (INM) kopen voor 145.600.000 Euro
The company was formed as Independent Newspapers Limited in 1904 by William Martin Murphy, as the publisher of the Irish Independent.

In 1973 (Sir) Tony O'Reilly acquired 100% of the "A" shares of the company from the Murphy and Chance families, and was later forced to bid for the "B" (non-voting) shares. The company was subsequently floated on the Irish Stock Exchange and London Stock Exchange. The group expanded overseas, acquiring interests in the UK, Australia, New Zealand, and South Africa.

In 1999, the company name was changed to Independent News and Media plc.

O'Reilly was CEO until early 2009, one of his sons, formerly COO, Gavin O'Reilly, became CEO in early 2009, and two others were non-executive directors for many years. O'Reilly himself resigned as CEO on 19 April 2012 and was replaced by Vincent Crowley. O'Reilly had come under pressure in recent months from two of INM's largest shareholders, billionaire Denis O'Brien and financier Dermot Desmond.

As of May 2012, Irish entrepreneur Denis O'Brien holds a 29.9% stake in the company,[8] making him the largest shareholder. This compares to O'Reilly's family stake of around 13% (June 2012).[9] 5% of the holding company is held by Clear Channel Communications, transferred in return for control of a South African outdoor advertising firm.

On 26 April 2013, INM announced it had concluded a deal with its bankers to exchange part of its debt for up to 20 per cent of equity. The deal was subject to the sale of its South African newspapers, a reduction in staff levels of 10%, a capital raising, and the restructuring of the company's pension plan.

In 2019, it was reported that INM was up for sale. According to reports, suitors include Schibsted, Sanoma Media and a private equity firm.

In April of 2019 it was reported that INM had accepted an ownership bid of €145.6 million from Belgian media group Mediahuis. The offer is subject to acceptance by shareholders, competition authority approval and government approval.

more info on the site of INM
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