Irish Continental Group Units (Comp) (CDI)
ICGC · Main Market · Industrial Goods and Services · mcap £994m · 667.5p 1 open situation →
Timeline · every situation
dots = announcementsOpen · 1
Takeover target◷ in 16 days
Offer for the company
approved
Management-led buyout at €8.00 cash was announced on 24 July 2026 and recommended by the Independent Board. Terms were declared final on 17 August. Shareholders approved the Scheme on 10 September 2026. On 5 October 2026 the court hearing was set for 10 November, and the UK NSIA condition was satisfied after notification on 2 October. Closing is expected in November 2026.
- Offer
- €8.00 cash per share from Bluefin Bidco; terms declared final on 17 August 2026 5 Oct 2026 ↗
- Scheme vote
- First Scheme Meeting 79.2% of votes cast in favour, above the 75% threshold (10 September 2026) 10 Sep 2026 ↗
- EGM vote
- Resolution 1 (Scheme) 83.3% in favour; Resolution 4 (Management Incentive Arrangement) 76.6% in favour 10 Sep 2026 ↗
- Completion
- Q4 2026 expected if approved, per earlier announcements 10 Sep 2026 ↗
- Shareholder vote
- Scheme and EGM resolutions approved at the meetings held on 10 September 2026 5 Oct 2026 ↗
- NSIA condition
- Satisfied: on 2 October 2026 the Secretary of State notified that no further action will be taken (announced 5 October 2026) 5 Oct 2026 ↗
Next: High Court sanction hearing on 10 November 2026 · 10 Nov 2026
- 5 Oct 2026 offer
- 10 Sep 2026 approved
- 28 Aug 2026 offer
- 27 Aug 2026 approach
Company filings. Not investment advice.