Telecom Eireann sets IPO shares at 3.90 euros each

Article Abstract:

Telecom Eireann's shares were priced at 3.90 euros each by the government of Ireland. The government's price is for the company's heavily oversubscribed initial public offering (IPO). The 3.90 euro per share price gives Telecom Eireann a value of 8.58 billion euros. The company's shares will begin trading in Dublin, London, and New York on July 8, 1999.

Comment:

IPO shares priced at 3.90 euros each by government of Ireland

Wired Telecommunications Carriers, Organizational history, Telephone Communications, Telecommunications services industry, Telecommunications industry, Telephone services, Abstract, Securities, Telecom Eireann

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Debt default is avoided again after new repayment waiver

Article Abstract:

Elan Corp. has again avoided having to default on its debt because of a new repayment waiver for its junior note holders. The company must file its yearly report with the US Securities and Exchange Commission by August 29, 2003.

United States

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Elan says it may be in danger of breaching debt obligations

Article Abstract:

Elan Corporation PLC announced that it might be unable to meet its debt repayment obligations. The company blamed the problem on the delay among US regulators in publishing its yearly report.

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