Education software group Riverdeep has been told that non-executive director Pat McDonagh is backing chief executive Barry O'Callaghan's bid to take the company private.
In an announcement to the stock exchange earlier this week, Riverdeep said discussions between the independent directors and O'Callaghan were at a preliminary stage.
Mr McDonagh has a stake of just under 21% in Riverdeep, while Mr O'Callaghan owns 4.5%.
Bank of Ireland Asset Management disclosed last week that it now owned 27% of the company, which will give it a large say in whether O'Callaghan's bid will succeed.
