Re: Re: Arnotts

To my mind it was a great brand, though for me (a former small shareholder) much of the sheen was taken off the brand by the somewhat murky events surrounding the re-privatisation of the company and the subsequent purchase of the Independent Newspapers building.

However, in the light of subsequent events, such as the deal with Boundary Capital (whose principal, a Mr McFadden, now seems to have fled the country) and today’s announcement, I’m quite glad that myself and other small shareholders were forced out.

If Richard Nesbitt happens to lose a lot of money because of this, well I’m sure it couldn’t happen to a nicer fella.