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Business Today |
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Monday, 15 June, 2026 | | |
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Editor's Note |
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Good morning, reader |
Cayman Islands-based billionaire Kenneth Dart, heir to a foam-cup manufacturing fortune, is nearing a 30 per cent stake in Flutter Entertainment, Joe Brennan reports.
However, he is expected to avoid the usual requirement to launch a takeover bid if he reaches that threshold because of the structure of his holding includes financial derivatives that do not have voting rights.
Joe Brennan also reports on how Irish private equity firm Erisbeg has agreed to sell its majority stake in commercial property design consultancy ORS to UK peer Goldenpeak in a deal that is estimated to have put an enterprise value on the business of about €175 million.
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Joe Brennan |
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