Eircom's holders are urged to take higher eIsland bid

Article Abstract:

Eircom PLC has recommended its shareholders accept a Euro3 billion takeover bid from eIsland PLC. The telecommunications firm withdrew its support for a competing cash offer of E1.27 a share from Valentia Telecommunications Ltd., a consortium which includes Goldman Sachs Group Inc.

Valentia Telecommunications Ltd.

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Eircom's directors support new offer from eIsland Group

Article Abstract:

Eircom PLC's board of directors unanimously supported a takeover offer from the eIsland consortium, which places the telecommunications firm at a value of Euro3 billion. The bid is higher than the one from the Valentia consortium, which values the company at E2.9 billion.

Valentia Consortium

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Eircom weighs E-Island's offer to buy unit

Article Abstract:

Eircom PLC is considering an acquisition offer of 1 euro per share by e-Island. The struggling Irish firm is also considering asking for a higher bid.

Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Telephone services, e-Island

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