Fri 04 Apr 2007ICG and bidding consortium in disputeA war of words broke out yesterday between the Philip Lynch-led
consortium eyeing a bid for Irish Continental Group (ICG) and the
company and its independent directors.In a statement to the Irish Stock Exchange, the consortium said
that the due diligence process, which began on April 13th, "has
been severely hampered by delays" by ICG in providing "sufficiently
detailed information, particularly financial information, which is
essential to completing" its process.