Court injunction may be considered to stop Kerry Co-op deal

A Kerry Co-op shareholder says a court injunction may be the only option for those with concerns about the proposed dairy business deal.

It is reported that Kerry Group could decide this week on whether to accept Kerry Co-op's €700 million offer to purchase 60% of its dairy business.

A widely-circulated document claimed the agreement would include Kerry Co-op buying the entire dairy business within three to five years.

Kerry Co-op shareholder Dave Scannell says it seems unlikely that an Emergency General Meeting (EGM) will be held despite a petition and the only option for those with concerns may be a court injunction: