Sign up to The Irish Times Archive (1859 - 2008)My Account »

Wed 06 Jun 2007Carroll's Greencore stake close to bid levelMultimillionaire property developer Liam Carroll has brought his stake in food company Greencore to 29.51 per cent, within a whisker of the 29.9 per cent threshold for a mandatory bid for the business."I have no comment," Mr Carroll said last night when asked about his ultimate intentions for the investment. His latest foray into the market for Greencore shares comes ahead of a High Court ruling tomorrow on the company's challenge to the Government's allocation of a €145 million compensation fund for sugar sector participants following the rationalisation of the industry. Greencore received €98 million, but says it should have received €130.5 million.