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Ewart chairman sells out to Dunloe

Dunloe House won control of Ewart, courtesy of the chairman of thetarget company. Brian O’Connor sold his 16% stake in Ewart to giveDunloe 51.2% of the company.

A battle for the company broke out when Moyne, a Northern Irelandconsortium, made a bid which was supported by the Ewart board.

O’Connor sold his holding to Dunloe against the recommendations ofEwart’s advisers and the majority of his fellow directors.

  • The Times 05/03/98 page 29
  • Financial Times 05/03/98 page 28 ((News Digest)
  • The Daily Telegraph 05/03/98 page 35

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