THE management team of engineering group Oglesby & Butler will remain in place if cinema mogul Kevin Anderson completes his takeover of the small Iseq-listed company.


Anderson's offer to buy the portion of Oglesby & Butler that he doesn't own values the company at about €3.8m. His offer to buy the shares in the company at 31c each is a 72% premium on their average daily closing value in the last year.