Inadequate offer for Eircom rejected

EIRCOM Holdings has rejected a takeover offer it received for the group from Singapore Technologies Telemedia on the grounds that the bid is inadequate.

Inadequate offer for Eircom rejected

In a brief statement the holding company said the offer was close to the lower end of the asking range for the business. Eircom said it would examine offers of between €30 and €40 million for the business.

It said in a statement to the stock exchange that the offer was “incomplete and doesn’t have the support of Eircom’s board”.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited