DCC founder calls £65.25/share PE offer 'miserable', urges rejection

DCC founder Jim Flavin publicly criticizes the board for accepting a £65.25 per share takeover offer from US private equity firms, calling it a 'knockdown price'. The deal, if completed, would value the Irish distribution group at a premium to recent trading, but Flavin's opposition signals potential shareholder dissent and could pressure the board to seek a higher bid. The outcome hinges on whether other shareholders share Flavin's view and whether a competing offer emerges.