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April 14, 2008updated 17 Apr 2008 11:41pm

O’Reilly buys more Indy shares to shake off O’Brien

By paulmcnally

Independent News and Media chief executive Tony O’Reilly has spent another €4.22m on shares in his company.

The move gives O’Reilly a 27.46 per cent stake and is a defensive measure against “dissident shareholder” Denis O’Brien’s attempts to build up his stake in the Independent publisher.

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