The shale developer IGas is on alert for a possible hostile takeover after a mystery fund snapped up over a quarter of its bonds to put it within 6pc of a controlling interest. The move has raised hackles among City sources, who say it echoes the recent stealth takeover of the indebted oil explorer Petroceltic, which was snapped up by its rebel shareholder Worldview Capital after losing control of its debt.
Telegraph 9th July 2016 read more »