Eamonn Rothwell refuses to raise €1.2bn Irish Continental Group offer despite minority shareholder backlash

Eamonn Rothwell has refused to raise a €1.2bn takeover offer for Irish Continental Group, despite facing a backlash from minority shareholders.

The refusal centers on the proposed valuation for the company, with investors pushing for a higher price point while the leadership maintains its current financial position regarding the buyout terms.